Taylor Frigon Capital Management LLC Decreases Stock Holdings in Akoustis Technologies, Inc. (NASDAQ:AKTS)

Taylor Frigon Capital Management LLC cut its holdings in Akoustis Technologies, Inc. (NASDAQ:AKTS) by 8.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,568,927 shares of the technology company’s stock after selling 225,494 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Akoustis Technologies were worth $230,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AKTS. BNP Paribas Financial Markets grew its stake in shares of Akoustis Technologies by 47.9% in the 1st quarter. BNP Paribas Financial Markets now owns 82,295 shares of the technology company’s stock worth $49,000 after buying an additional 26,654 shares in the last quarter. AMH Equity Ltd bought a new stake in Akoustis Technologies in the first quarter worth $148,000. Perkins Capital Management Inc. increased its position in 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 valued at $1,422,000 after acquiring an additional 1,798,500 shares during the last quarter. Vanguard Group Inc. increased its position in Akoustis Technologies by 5.5% during the first quarter. Vanguard Group Inc. now owns 3,824,953 shares of the technology company’s stock valued at $2,261,000 after acquiring an additional 198,149 shares during the last quarter. Finally, Silverback Asset Management LLC raised its stake 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 during the period. Institutional investors own 28.84% of the company’s stock.

Akoustis Technologies Trading Down 8.7 %

Shares of AKTS stock traded down $0.01 during trading hours on Thursday, reaching $0.06. 6,657,929 shares of the stock were exchanged, compared to its average volume of 8,037,745. 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 firm has a market capitalization of $6.11 million, a price-to-earnings ratio of -0.07 and a beta of 1.65. The company’s 50-day moving average price is $0.08 and its 200-day moving average price is $0.20.

About Akoustis Technologies

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.