Could Akoustis Technologies, Inc. (AKTS) Gain Strenght? The Stock Reaches 1 Year Low

Akoustis Technologies, Inc. (NASDAQ:AKTS) Logo

The stock of Akoustis Technologies, Inc. (NASDAQ:AKTS) is a huge mover today! The stock decreased 3.50% or $0.29 during the last trading session, reaching $8. About 528,652 shares traded or 1.19% up from the average. Akoustis Technologies, Inc. (NASDAQ:AKTS) has declined 27.52% since September 13, 2018 and is downtrending. It has underperformed by 27.52% the S&P500.
The move comes after 5 months negative chart setup for the $240.45M company. It was reported on Sep, 13 by Barchart.com. We have $7.68 PT which if reached, will make NASDAQ:AKTS worth $9.62M less.

More notable recent Akoustis Technologies, Inc. (NASDAQ:AKTS) news were published by: Globenewswire.com which released: “Akoustis to Webcast Investor Update Conference Call Today at 4:30 p.m. Eastern – GlobeNewswire” on February 04, 2019, also Globenewswire.com with their article: “Akoustis Technologies to Attend Mobile World Congress – GlobeNewswire” published on February 19, 2019, Globenewswire.com published: “Akoustis to Webcast Investor Update Call on August 26, 2019 at 10:00 a.m. EDT – GlobeNewswire” on August 19, 2019. More interesting news about Akoustis Technologies, Inc. (NASDAQ:AKTS) were released by: Seekingalpha.com and their article: “Akoustis Technologies Is A Puzzling Pre-Commercial Tech Story – Seeking Alpha” published on September 19, 2018 as well as Benzinga.com‘s news article titled: “35 Stocks Moving In Thursday’s Pre-Market Session – Benzinga” with publication date: November 01, 2018.

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 $240.45 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.

Akoustis Technologies, Inc. (NASDAQ:AKTS) Ratings Chart

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