Akoustis Technologies Inc (AKTS) CEO Sells $645,715.00 in Stock
Akoustis Technologies Inc (NASDAQ:AKTS) CEO Jeffrey B. Shealy sold 97,100 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $6.65, for a total value of $645,715.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Akoustis Technologies Inc (AKTS) traded down $0.23 during mid-day trading on Friday, hitting $6.12. The stock had a trading volume of 196,761 shares, compared to its average volume of 125,159. The company has a market capitalization of $118.53, a price-to-earnings ratio of -8.50 and a beta of -3.03. Akoustis Technologies Inc has a 52 week low of $4.91 and a 52 week high of $14.00.
Separately, Drexel Hamilton assumed coverage on Akoustis Technologies in a research note on Friday, February 9th. They issued a “buy” rating and a $15.00 price objective for the company.
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Akoustis Technologies Company Profile
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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