AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Should You Sell?

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down prior to trading on Thursday . The stock had previously closed at $5.24, but opened at $5.11. AAC Technologies shares last traded at $5.1675, with a volume of 1,704 shares changing hands.

Analysts Set New Price Targets

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

AAC Technologies Trading Down 0.2%

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 firm has a 50 day simple moving average of $5.18 and a two-hundred day simple moving average 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.