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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price 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.

Analysts Set New Price Targets

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

AAC Technologies Price Performance

The business has a 50 day simple moving average of $5.15 and a 200-day simple moving average of $4.84. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

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.