AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Should You Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up prior to trading on Tuesday . The stock had previously closed at $5.3899, but opened at $5.59. AAC Technologies shares last traded at $5.59, with a volume of 490 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

AAC Technologies Trading Down 1.4%

The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The business has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.00.

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.