Goldman Sachs Group Lowers AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) to Sell
Goldman Sachs Group cut shares of AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) from a neutral rating to a sell rating in a research report sent to investors on Sunday morning, The Fly reports.
Several other research analysts have also recently issued reports on the company. Jefferies Financial Group cut AAC TECHNOLOGIE/ADR from a buy rating to a hold rating in a research report on Monday, August 26th. ValuEngine upgraded AAC TECHNOLOGIE/ADR from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded AAC TECHNOLOGIE/ADR from a hold rating to a sell rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. AAC TECHNOLOGIE/ADR has a consensus rating of Hold and a consensus target price of $6.25.
Shares of OTCMKTS AACAY traded down $0.00 during midday trading on Friday, reaching $6.13. 25,465 shares of the stock traded hands, compared to its average volume of 51,518. The company’s 50 day moving average is $5.88 and its 200 day moving average is $5.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.14. AAC TECHNOLOGIE/ADR has a one year low of $4.19 and a one year high of $7.58. The stock has a market capitalization of $7.60 billion, a PE ratio of 13.61 and a beta of 1.06.
The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 11th were given a $0.041 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. AAC TECHNOLOGIE/ADR’s payout ratio is presently 17.78%.
About AAC TECHNOLOGIE/ADR
AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments.
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