AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down prior to trading on Thursday . The stock had previously closed at $5.24, but opened at $5.11. AAC Technologies shares last traded at $5.1675, with a volume of 1,704 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

AAC Technologies Price Performance

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 business’s 50 day moving average price is $5.17 and its 200 day moving average price is $5.04.

About AAC Technologies

AAC Technologies Holdings Inc is a China-based manufacturer of advanced components and solutions for consumer electronics and other technology products. The company develops and produces acoustic components, including speakers, receivers, microphones and related modules, as well as haptic components that provide vibration and tactile feedback.

Its product portfolio also includes precision mechanical components, camera and optical components, and other miniature systems used in smartphones, personal computers, wearables, automotive electronics and smart devices.