AAC Technologies (OTCMKTS:AACAY) Sees Strong Trading Volume – What’s Next?

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw unusually-high trading volume on Wednesday . Approximately 33,010 shares changed hands during trading, an increase of 684% from the previous session’s volume of 4,211 shares.The stock last traded at $4.75 and had previously closed at $4.63.

AAC Technologies Stock Performance

The firm has a market cap of $5.52 billion, a P/E ratio of 157.67 and a beta of 1.33. The stock’s 50-day moving average price is $4.87 and its 200 day moving average price is $5.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12.

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.