Akoustis Technologies – Consensus Indicates Potential 4.6% Upside

Broker Ratings

Akoustis Technologies with ticker code (AKTS) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 25 and 10 and has a mean target at 19.43. With the stocks previous close at 18.58 this now indicates there is a potential upside of 4.6%. The 50 day moving average now sits at 14.29 and the 200 day moving average is 9.66. The market capitalisation for the company is $737m. You can visit the company’s website by visiting: http://www.akoustis.com

Akoustis Technologies, through its subsidiary, Akoustis, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.

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