Stock Worth Watching: Resonant Inc Stock Rise in Q2 2016 Driven by Institutional Investors

November 21, 2016 - By Marie Mckinney   ·   0 Comments

Stock Worth Watching: Resonant Inc Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for Resonant Inc (NASDAQ:RESN)

Resonant Inc (NASDAQ:RESN) institutional sentiment decreased to 1.5 in Q2 2016. Its down -0.50, from 2 in 2016Q1. The ratio has dropped, as 8 institutional investors increased or opened new holdings, while 4 sold and trimmed stakes in Resonant Inc. The institutional investors in our partner’s database reported: 380,421 shares, up from 230,068 shares in 2016Q1. Also, the number of institutional investors holding Resonant Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 1 Increased: 5 New Position: 3.

Resonant Inc. is a late-stage development company. The company has a market cap of $61.71 million. The Firm creates filter creates for radio frequency front-ends for the mobile device industry. It currently has negative earnings. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.

About 9,654 shares traded hands. Resonant Inc (NASDAQ:RESN) has risen 72.66% since April 19, 2016 and is uptrending. It has outperformed by 68.80% the S&P500.

According to Zacks Investment Research, “Resonant Inc. is a development-stage company. It creates filter designs for radio frequency front-ends for the mobile device industry. The Company’s product configures resonators, the building blocks of RF filters to select desired radio frequency signals and reject unwanted signals. Resonant Inc. is based in Santa Barbara, California.”

Connective Capital Management Llc holds 1.18% of its portfolio in Resonant Inc for 90,000 shares. Mount Lucas Management Lp owns 23,000 shares or 0.02% of their US portfolio. Moreover, Next Financial Group Inc has 0.01% invested in the company for 6,500 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 13,144 shares.#img1#

RESN Company Profile

Resonant Inc., incorporated on January 19, 2012, is a late-stage development company. The Firm creates filter creates for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband. The Firm uses a technology called Infinite Synthesized Networks (ISN) to configure and connect resonators, the building blocks of RF filters. Filters are components of the RF front-end used to select desired radio frequency signals and reject unwanted signals. The Firm uses ISN to develop new classes of filter designs. The Firm is also developing a series of single-band surface acoustic wave (SAW) filter creates for frequency bands.

More notable recent Resonant Inc (NASDAQ:RESN) news were published by: Marketwatch.com which released: “Resonant Inc. NASDAQ: RESN” on May 30, 2014, also Valuewalk.com with their article: “Resonant Inc (RESN) Up 200% Since Its IPO; 8 Key Questions” published on February 20, 2015, Valuewalk.com published: “Is An Equity Offering By Resonant Inc (RESN) On The Horizon?” on March 11, 2015. More interesting news about Resonant Inc (NASDAQ:RESN) were released by: Businesswire.com and their article: “Resonant Inc. Names Major Shareholder and CEO of Park City Capital Michael Fox …” published on February 18, 2016 as well as Businesswire.com‘s news article titled: “Resonant to Present at Investor Conferences in December” with publication date: November 21, 2016.

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By Marie Mckinney

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