AAC Technologies (OTCMKTS:AACAY) Sees Large Volume Increase – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw strong trading volume on Wednesday . Approximately 6,840 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 8,262 shares.The stock last traded at $5.42 and had previously closed at $5.43.

Wall Street Analyst Weigh In

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

AAC Technologies Stock Up 0.8%

The company’s 50 day moving average is $5.44 and its 200 day moving average is $4.92. 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.