Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Akoustis Technologies (AKTS) Stock Price

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Media coverage about Akoustis Technologies (NASDAQ:AKTS) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Akoustis Technologies earned a news impact score of 0.10 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.1182750297663 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern’s scoring:

Shares of Akoustis Technologies stock traded down $0.17 during trading on Thursday, reaching $8.01. 628 shares of the company were exchanged, compared to its average volume of 78,086. The company has a quick ratio of 3.59, a current ratio of 6.01 and a debt-to-equity ratio of 0.83. Akoustis Technologies has a twelve month low of $4.86 and a twelve month high of $9.50.

Several equities research analysts have recently commented on AKTS shares. Roth Capital lifted their target price on Akoustis Technologies to $10.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Loop Capital started coverage on Akoustis Technologies in a research note on Thursday, June 21st. They set a “buy” rating and a $15.00 price objective for the company. Finally, Oppenheimer started coverage on Akoustis Technologies in a research note on Thursday, August 30th. They set an “outperform” rating and a $10.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $12.50.

In related news, VP David Aichele sold 3,700 shares of Akoustis Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $7.68, for a total transaction of $28,416.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey B. Shealy sold 7,200 shares of Akoustis Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $7.67, for a total value of $55,224.00. The disclosure for this sale can be found here. 26.60% of the stock is owned by insiders.

About Akoustis Technologies

Akoustis Technologies, Inc engages in developing, designing, and manufacturing radio frequency (RF) filter products for the mobile wireless device industries. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment.

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