AAC Technologies (OTCMKTS:AACAY) Sees Unusually-High Trading Volume – What’s Next?

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw unusually-strong trading volume on Friday . Approximately 92,971 shares were traded during mid-day trading, an increase of 1,248% from the previous session’s volume of 6,897 shares.The stock last traded at $5.42 and had previously closed at $5.38.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

AAC Technologies Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $4.64 and its two-hundred day moving average is $4.75.

About AAC Technologies

AAC Technologies is a leading designer and manufacturer of miniaturized acoustic components and haptic solutions for the global consumer electronics industry. The company’s product portfolio includes micro speakers, receivers, microphones based on micro-electromechanical systems (MEMS), vibration motors and linear resonant actuators, as well as precision camera modules and related optical components. These technologies are widely used in smartphones, tablets, laptops, wearable devices, automotive infotainment systems and Internet-of-Things applications.

Founded in 1993 and headquartered in Shenzhen, China, AAC Technologies has grown into a key supplier for many of the world’s top original equipment manufacturers.