AAC Technologies (OTCMKTS:AACAY) Sees Unusually-High Trading Volume – Should You Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw an uptick in trading volume on Wednesday . 6,840 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 8,262 shares.The stock last traded at $5.42 and had previously closed at $5.43.

Analysts Set New Price Targets

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

AAC Technologies Stock Down 6.8%

The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average is $5.46 and its 200 day moving average is $4.93.

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.