AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – What’s Next?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down before the market opened on Thursday . The stock had previously closed at $5.4950, but opened at $5.3301. AAC Technologies shares last traded at $5.5730, with a volume of 7,282 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded 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, Based on data from MarketBeat.com, AAC Technologies currently has an average rating of “Hold”.

AAC Technologies Stock Down 0.4%

The company’s 50-day moving average price is $5.16 and its two-hundred day moving average price is $5.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.19.

AAC Technologies Company Profile

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.