AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.92, but opened at $5.37. AAC Technologies shares last traded at $5.4350, with a volume of 687 shares.

Wall Street Analysts Forecast Growth

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

AAC Technologies Trading Up 15.1%

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 business has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $4.73.

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.