AAC Technologies (OTCMKTS:AACAY) Trading Up 5.5% – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report) shares shot up 5.5% during trading on Friday . The company traded as high as $4.20 and last traded at $4.20. 9,451 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 6,540 shares. The stock had previously closed at $3.98.

AAC Technologies Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $5.11. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 139.21 and a beta of 1.32.

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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