Akoustis Technologies (AKTS) Receives Daily Media Sentiment Rating of 0.14

Media coverage about Akoustis Technologies (NASDAQ:AKTS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Akoustis Technologies earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.5518404644375 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of research firms have issued reports on AKTS. Drexel Hamilton began coverage on shares of Akoustis Technologies in a research note on Friday, February 9th. They issued a “buy” rating and a $15.00 target price for the company. Northland Securities reissued a “buy” rating and issued a $12.50 price target on shares of Akoustis Technologies in a research report on Tuesday, February 27th.

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Akoustis Technologies (AKTS) opened at $6.26 on Friday. Akoustis Technologies has a 52-week low of $4.91 and a 52-week high of $14.00.

In other news, CEO Jeffrey B. Shealy sold 97,100 shares of Akoustis Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $6.65, for a total value of $645,715.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David Aichele sold 13,000 shares of Akoustis Technologies stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.82, for a total transaction of $88,660.00. The disclosure for this sale can be found here. In the last three months, insiders sold 212,223 shares of company stock worth $1,361,920. Insiders own 26.60% of the company’s stock.

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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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