AAC Technologies (OTCMKTS:AACAY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report) saw strong trading volume on Wednesday . Approximately 167,585 shares were traded during mid-day trading, an increase of 1,365% from the previous session’s volume of 11,441 shares.The stock last traded at $5.19 and had previously closed at $5.23.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Stock Report on AAC Technologies

AAC Technologies Price Performance

The company has a fifty day moving average of $5.15 and a 200-day moving average of $5.03. The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

About AAC Technologies

(Get Free Report)

AAC Technologies Holdings Inc is a China-based manufacturer of advanced components and solutions for consumer electronics and other technology products. The company develops and produces acoustic components, including speakers, receivers, microphones and related modules, as well as haptic components that provide vibration and tactile feedback.

Its product portfolio also includes precision mechanical components, camera and optical components, and other miniature systems used in smartphones, personal computers, wearables, automotive electronics and smart devices.

Further Reading

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