Akoustis Technologies Inc (AKTS) Director Arthur Geiss Buys 3,850 Shares of Stock

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Akoustis Technologies Inc (NASDAQ:AKTS) Director Arthur Geiss purchased 3,850 shares of Akoustis Technologies stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average cost of $5.20 per share, with a total value of $20,020.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NASDAQ AKTS traded up $0.16 during trading on Friday, reaching $4.96. The company’s stock had a trading volume of 454,546 shares, compared to its average volume of 800,072. The company has a debt-to-equity ratio of 1.30, a quick ratio of 5.99 and a current ratio of 4.81. Akoustis Technologies Inc has a twelve month low of $3.40 and a twelve month high of $9.50.

AKTS has been the subject of a number of research reports. Oppenheimer initiated coverage on shares of Akoustis Technologies in a research report on Thursday, August 30th. They issued an “outperform” rating and a $10.00 price target for the company. Piper Jaffray Companies began coverage on shares of Akoustis Technologies in a research note on Wednesday, October 10th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Loop Capital dropped their price objective on shares of Akoustis Technologies from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $11.42.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LMR Partners LLP acquired a new position in Akoustis Technologies in the second quarter valued at $216,000. Benjamin F. Edwards & Company Inc. acquired a new position in Akoustis Technologies in the third quarter valued at $340,000. Paloma Partners Management Co acquired a new position in Akoustis Technologies in the second quarter valued at $424,000. Providence Capital Advisors LLC increased its stake in Akoustis Technologies by 10.8% in the second quarter. Providence Capital Advisors LLC now owns 73,778 shares of the technology company’s stock valued at $536,000 after purchasing an additional 7,205 shares during the period. Finally, UBS Group AG increased its stake in Akoustis Technologies by 28.8% in the first quarter. UBS Group AG now owns 83,274 shares of the technology company’s stock valued at $485,000 after purchasing an additional 18,634 shares during the period. Institutional investors own 14.64% of the company’s stock.

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Akoustis Technologies Company Profile

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services.

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Insider Buying and Selling by Quarter for Akoustis Technologies (NASDAQ:AKTS)

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