AAC Technologies (OTCMKTS:AACAY) Hits New 1-Year Low – Here’s Why

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $3.82 and last traded at $4.03, with a volume of 1544 shares trading hands. The stock had previously closed at $4.12.

AAC Technologies Price Performance

The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 130.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12. The company has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $4.99.

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.