Could Akoustis Technologies, Inc. (AKTS) See a Reversal After This Very Strong Session?

April 17, 2018 - By Nellie Frank

Akoustis Technologies, Inc. (NASDAQ:AKTS) Logo

The stock of Akoustis Technologies, Inc. (NASDAQ:AKTS) is a huge mover today! The stock increased 7.74% or $0.38 during the last trading session, reaching $5.29. About 221,677 shares traded or 72.33% up from the average. Akoustis Technologies, Inc. (NASDAQ:AKTS) has declined 41.78% since April 17, 2017 and is downtrending. It has underperformed by 53.33% the S&P500.
The move comes after 8 months positive chart setup for the $118.08M company. It was reported on Apr, 17 by Barchart.com. We have $5.77 PT which if reached, will make NASDAQ:AKTS worth $10.63 million more.

Akoustis Technologies, Inc. engages in developing, designing, and manufacturing radio frequency filter products for the mobile wireless device industries. The company has market cap of $118.08 million. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment. It currently has negative earnings. The firm focuses on manufacturing and commercializing its patented Bulk ONE acoustic wave technology to address the frequency-selectivity requirements in mobile smartphones, enhancing the efficiency and signal quality of mobile wireless devices and enabling The Internet of Things.

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