AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.83, but opened at $5.07. AAC Technologies shares last traded at $5.07, with a volume of 254 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

AAC Technologies Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.19. The company has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $4.93.

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.