AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – What’s Next?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up prior to trading on Tuesday. The stock had previously closed at $4.67, but opened at $4.84. AAC Technologies shares last traded at $4.84, with a volume of 262 shares traded.

Analysts Set New Price Targets

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

AAC Technologies Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.07. The business has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $5.14.

AAC Technologies Company Profile

AAC Technologies Holdings Inc is a China-based manufacturer of advanced components and solutions for consumer electronics and other technology applications. The company develops and produces miniaturized components used in smartphones, tablets, laptops, wearable devices, automotive systems and connected products.

Its product portfolio includes acoustic components such as speakers, receivers and microphones, as well as haptic systems, precision mechanical components, optical components and related modules.