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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.46, but opened at $6.30. AAC Technologies shares last traded at $6.00, with a volume of 1,702 shares trading hands.

Wall Street Analysts Forecast Growth

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

AAC Technologies Stock Up 4.7%

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’s 50-day simple moving average is $5.15 and its two-hundred day simple moving average is $4.84.

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.