AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Still a Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up before the market opened on Monday . The stock had previously closed at $4.70, but opened at $4.95. AAC Technologies shares last traded at $4.95, with a volume of 1,234 shares traded.

Analyst Upgrades and Downgrades

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

AAC Technologies Price Performance

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 moving average price is $4.45 and its 200 day moving average price is $4.78.

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.