AAC Technologies (OTCMKTS:AACAY) Sees Large Volume Increase – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares saw unusually-strong trading volume on Wednesday . Approximately 167,585 shares changed hands during trading, an increase of 1,365% from the previous session’s volume of 11,441 shares.The stock last traded at $5.19 and had previously closed at $5.23.

Analyst Ratings Changes

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

AAC Technologies Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.19. The business’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $5.03.

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.