Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $7.99, for a total value of $19,975.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ:AKTS traded down $0.58 during midday trading on Friday, hitting $7.39. 342,290 shares of the company traded hands, compared to its average volume of 562,573. Akoustis Technologies Inc has a 12-month low of $3.40 and a 12-month high of $9.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 16.79 and a current ratio of 12.78.

Large investors have recently added to or reduced their stakes in the stock. Jefferies Group LLC purchased a new stake in Akoustis Technologies during the 1st quarter valued at $67,000. Quad Capital Management Advisors LLC purchased a new stake in Akoustis Technologies during the 4th quarter valued at $71,000. Morgan Stanley raised its holdings in Akoustis Technologies by 141.8% during the 1st quarter. Morgan Stanley now owns 12,691 shares of the technology company’s stock valued at $74,000 after buying an additional 7,442 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Akoustis Technologies by 26.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,800 shares of the technology company’s stock valued at $83,000 after buying an additional 3,500 shares during the period. Finally, IHT Wealth Management LLC raised its holdings in Akoustis Technologies by 25.5% during the 4th quarter. IHT Wealth Management LLC now owns 19,181 shares of the technology company’s stock valued at $95,000 after buying an additional 3,900 shares during the period. Institutional investors own 21.12% of the company’s stock.

AKTS has been the topic of several recent research reports. Northland Securities cut Akoustis Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 5th. Craig Hallum restated a “buy” rating and set a $10.00 price target (up previously from $8.00) on shares of Akoustis Technologies in a report on Tuesday, February 5th. Finally, Zacks Investment Research upgraded Akoustis Technologies from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Akoustis Technologies has a consensus rating of “Buy” and a consensus target price of $10.14.

COPYRIGHT VIOLATION WARNING: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2019/05/19/akoustis-technologies-inc-akts-vp-sells-19975-00-in-stock.html.

About Akoustis Technologies

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.

Recommended Story: How to find the components of the quick ratio

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

Receive News & Ratings for Akoustis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akoustis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.