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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw unusually-high trading volume on Thursday . Approximately 14,596 shares changed hands during trading, an increase of 132% from the previous session’s volume of 6,296 shares.The stock last traded at $4.00 and had previously closed at $4.0570.

AAC Technologies Stock Down 1.9%

The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 132.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.44. The business’s 50 day moving average is $4.80 and its 200 day moving average is $5.11.

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.