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

AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.79, but opened at $4.65. AAC Technologies shares last traded at $4.65, with a volume of 1,207 shares.

AAC Technologies Price Performance

The stock has a market cap of $5.75 billion, a P/E ratio of 81.94 and a beta of 1.33. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $4.96 and its two-hundred day simple moving average is $5.23.

About AAC Technologies

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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.

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