Zacks Investment Research Lowers AAC TECHNOLOGIE/ADR (AACAY) to Sell

Zacks Investment Research cut shares of AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) from a hold rating to a sell rating in a research report report published on Tuesday morning.

According to Zacks, “AAC Technologies Holdings Inc. is a micro component solutions provider for communications and consumer electronics market. The Company is engaged in designing and manufacturing a diverse range of components including acoustics, antennas, optics, haptics and Li-ion polymer batteries for mobile devices. Its products are used in a variety of applications including mobile handsets, tablets, notebooks, LED TV, game consoles, eReaders, MP3 players, MP4 players, and many other consumer electronics. AAC Technologies Holdings Inc., formerly known as AAC Acoustic Technologies Holdings Inc., is headquartered in Shenzhen, China. “

Separately, ValuEngine downgraded shares of AAC TECHNOLOGIE/ADR from a hold rating to a sell rating in a report on Friday, January 4th.

AAC TECHNOLOGIE/ADR stock opened at $5.76 on Tuesday. AAC TECHNOLOGIE/ADR has a twelve month low of $5.03 and a twelve month high of $20.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 1.30. The stock has a market capitalization of $7.03 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 11.89 and a beta of 0.80.

AAC TECHNOLOGIE/ADR Company Profile

AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, Haptics & Radio Frequency Mechanical Module, Micro Electro-Mechanical System Components, and Other Products segments.

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