Akoustis Technologies (AKTS) Scheduled to Post Earnings on Monday

Akoustis Technologies (NASDAQ:AKTS) will be issuing its quarterly earnings data before the market opens on Monday, May 13th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.

Akoustis Technologies (NASDAQ:AKTS) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). Akoustis Technologies had a negative net margin of 232.77% and a negative return on equity of 80.80%. The business had revenue of $7.02 million during the quarter, compared to analysts’ expectations of $6.99 million. During the same quarter last year, the business posted ($0.19) earnings per share. On average, analysts expect Akoustis Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Akoustis Technologies Price Performance

Shares of AKTS stock opened at $0.59 on Wednesday. The firm has a market capitalization of $58.17 million, a price-to-earnings ratio of -0.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 1.82. The stock’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.63. Akoustis Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $3.57.

About Akoustis Technologies

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments.