Parsec Financial Management Inc. bought a new position in Akoustis Technologies Inc (OTCMKTS:AKTS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,500 shares of the technology company’s stock, valued at approximately $170,000. Parsec Financial Management Inc. owned approximately 0.10% of Akoustis Technologies as of its most recent filing with the SEC.
Akoustis Technologies Inc (OTCMKTS:AKTS) opened at 6.02 on Friday. The firm’s market capitalization is $111.89 million. Akoustis Technologies Inc has a 52-week low of $3.51 and a 52-week high of $14.00. The company has a 50 day moving average price of $7.14 and a 200 day moving average price of $8.47.
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In related news, VP Mark Boomgarden sold 67,000 shares of Akoustis Technologies stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $9.39, for a total value of $629,130.00. Following the sale, the vice president now directly owns 232,856 shares in the company, valued at approximately $2,186,517.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Mark N. Tompkins sold 10,000 shares of Akoustis Technologies stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $8.60, for a total transaction of $86,000.00. Following the completion of the sale, the insider now owns 2,375,706 shares in the company, valued at $20,431,071.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,861 shares of company stock valued at $2,352,565. Company insiders own 31.70% of the company’s stock.
Akoustis Technologies Company Profile
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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