Akoustis Technologies, Inc. (NASDAQ:AKTS – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 7,460,000 shares, a decrease of 27.9% from the May 31st total of 10,340,000 shares. Based on an average trading volume of 12,250,000 shares, the short-interest ratio is presently 0.6 days.
Akoustis Technologies Stock Performance
Shares of AKTS stock opened at $0.13 on Friday. The stock has a market cap of $12.99 million, a PE ratio of -0.13 and a beta of 1.61. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.57. Akoustis Technologies has a 1 year low of $0.11 and a 1 year high of $3.24. The stock has a fifty day moving average price of $0.31 and a 200 day moving average price of $0.54.
Akoustis Technologies (NASDAQ:AKTS – Get Free Report) last issued its quarterly earnings results on Monday, May 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Akoustis Technologies had a negative return on equity of 98.96% and a negative net margin of 257.56%. The firm had revenue of $7.51 million for the quarter, compared to analysts’ expectations of $8.56 million. During the same quarter last year, the firm earned ($0.20) earnings per share. Sell-side analysts forecast that Akoustis Technologies will post -0.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Akoustis Technologies
Akoustis Technologies Company Profile
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.
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