AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Time to Sell?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down prior to trading on Thursday . The stock had previously closed at $5.77, but opened at $5.36. AAC Technologies shares last traded at $5.35, with a volume of 36,200 shares.

Analysts Set New Price Targets

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

AAC Technologies Price 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 stock has a fifty day moving average of $5.12 and a 200 day moving average of $4.83.

AAC Technologies Company Profile

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.