Sargent Investment Group LLC Trims Position in Akoustis Technologies, Inc. (NASDAQ:AKTS)

Sargent Investment Group LLC trimmed its position in Akoustis Technologies, Inc. (NASDAQ:AKTS) by 45.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 913,800 shares of the technology company’s stock after selling 757,350 shares during the period. Sargent Investment Group LLC owned about 0.93% of Akoustis Technologies worth $120,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Akoustis Technologies by 47.9% in the first 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 during the last quarter. Adalta Capital Management LLC bought a new position in Akoustis Technologies in the first quarter worth approximately $95,000. AMH Equity Ltd purchased a new position in shares of Akoustis Technologies during the 1st quarter worth $148,000. AWM Investment Company Inc. bought a new stake in shares of Akoustis Technologies during the 1st quarter valued at $909,000. Finally, Perkins Capital Management Inc. increased its stake in shares of Akoustis Technologies by 296.5% in the 1st 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 currently owned by institutional investors.

Akoustis Technologies Price Performance

Shares of Akoustis Technologies stock opened at $0.06 on Wednesday. The stock has a market cap of $5.67 million, a P/E ratio of -0.06 and a beta of 1.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.57. The stock’s fifty day moving average is $0.10 and its 200 day moving average is $0.29. Akoustis Technologies, Inc. has a one year low of $0.05 and a one year high of $1.19.

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.