Akoustis Technologies Inc (NASDAQ:AKTS) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.
Several research analysts have issued reports on AKTS shares. Loop Capital restated a “buy” rating and set a $11.00 price target on shares of Akoustis Technologies in a report on Wednesday, January 8th. Zacks Investment Research downgraded Akoustis Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Northland Securities reduced their price target on Akoustis Technologies from $7.40 to $7.00 and set a “market perform” rating for the company in a report on Friday, December 20th. Finally, BidaskClub upgraded Akoustis Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, February 20th.
Shares of Akoustis Technologies stock traded up $0.15 during trading on Monday, hitting $4.72. 92,690 shares of the company were exchanged, compared to its average volume of 717,677. The company has a current ratio of 11.73, a quick ratio of 11.71 and a debt-to-equity ratio of 0.47. Akoustis Technologies has a fifty-two week low of $3.76 and a fifty-two week high of $9.25. The firm has a 50 day moving average price of $6.44 and a 200 day moving average price of $7.59.
Akoustis Technologies (NASDAQ:AKTS) last posted its quarterly earnings data on Monday, February 3rd. The technology company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04). Akoustis Technologies had a negative return on equity of 98.09% and a negative net margin of 1,791.55%. The firm had revenue of $0.52 million during the quarter, compared to analyst estimates of $0.55 million. Sell-side analysts anticipate that Akoustis Technologies will post -0.91 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Silverback Asset Management LLC boosted its position in shares of Akoustis Technologies by 139.4% during the fourth quarter. Silverback Asset Management LLC now owns 1,103,156 shares of the technology company’s stock valued at $8,825,000 after buying an additional 642,294 shares during the last quarter. Senvest Management LLC bought a new stake in Akoustis Technologies during the 4th quarter valued at approximately $3,840,000. Taylor Frigon Capital Management LLC bought a new stake in Akoustis Technologies during the 4th quarter valued at approximately $1,501,000. Penn Capital Management Co. Inc. bought a new stake in Akoustis Technologies during the 4th quarter valued at approximately $994,000. Finally, Granahan Investment Management Inc. MA bought a new stake in Akoustis Technologies during the 3rd quarter valued at approximately $766,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.
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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