AAC Technologies (OTCMKTS:AACAY) Stock Price Up 18.5% – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s share price rose 18.5% during trading on Thursday . The company traded as high as $5.7795 and last traded at $5.7795. Approximately 306 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 7,229 shares. The stock had previously closed at $4.8780.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average 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 company’s 50 day moving average price is $4.48 and its 200-day moving average price is $4.74.

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.