AAC Technologies (OTCMKTS:AACAY) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.17 and traded as low as $5.1301. AAC Technologies shares last traded at $5.24, with a volume of 5,220 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus 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 business has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $5.05.

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.