AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Should You Buy?

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up before the market opened on Tuesday . The stock had previously closed at $5.46, but opened at $6.30. AAC Technologies shares last traded at $6.00, with a volume of 1,702 shares traded.

Wall Street Analyst Weigh In

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

AAC Technologies Price 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 moving average price of $5.22 and a 200 day moving average price of $4.86.

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.