Sargent Investment Group LLC Lowers Stake in Akoustis Technologies, Inc. (NASDAQ:AKTS)

Sargent Investment Group LLC cut its position in Akoustis Technologies, Inc. (NASDAQ:AKTS) by 45.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 913,800 shares of the technology company’s stock after selling 757,350 shares during the period. Sargent Investment Group LLC’s holdings in Akoustis Technologies were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Adalta Capital Management LLC bought a new position in Akoustis Technologies in the 1st quarter worth $95,000. AWM Investment Company Inc. bought a new stake in Akoustis Technologies during the first quarter valued at about $909,000. Silverback Asset Management LLC lifted its position in shares of Akoustis Technologies by 23.9% in the first quarter. Silverback Asset Management LLC now owns 4,238,389 shares of the technology company’s stock valued at $2,505,000 after acquiring an additional 817,938 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Akoustis Technologies by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,824,953 shares of the technology company’s stock worth $2,261,000 after acquiring an additional 198,149 shares during the period. Finally, Perkins Capital Management Inc. grew its position in shares of Akoustis Technologies by 296.5% during the first quarter. Perkins Capital Management Inc. now owns 2,405,152 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 1,798,500 shares in the last quarter. 28.84% of the stock is owned by hedge funds and other institutional investors.

Akoustis Technologies Price Performance

Shares of AKTS opened at $0.06 on Wednesday. The business’s 50 day moving average is $0.10 and its 200 day moving average is $0.29. The company has a current ratio of 1.57, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. Akoustis Technologies, Inc. has a 12-month low of $0.05 and a 12-month high of $1.19. The company has a market capitalization of $5.67 million, a PE ratio of -0.06 and a beta of 1.65.

Akoustis Technologies 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.