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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $5.09, but opened at $4.8875. AAC Technologies shares last traded at $5.0050, with a volume of 1,888 shares.

Analyst Ratings Changes

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

AAC Technologies Trading Down 1.5%

The business has a fifty day simple moving average of $5.19 and a 200-day simple moving average of $5.08. The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

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.