AAC Technologies (OTCMKTS:AACAY) Stock Price Up 18.5% – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares traded up 18.5% during mid-day trading on Thursday . The stock traded as high as $5.7795 and last traded at $5.7795. 306 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 7,229 shares. The stock had previously closed at $4.8780.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

AAC Technologies Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.74.

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.