AAC Technologies (OTCMKTS:AACAY) Trading Up 3.9% – Here’s Why

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shot up 3.9% during trading on Monday . The company traded as high as $5.60 and last traded at $5.60. Approximately 459 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 10,712 shares. The stock had previously closed at $5.3899.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

AAC Technologies Trading Up 4.6%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. The stock’s 50-day moving average is $5.18 and its 200-day moving average is $4.99.

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.