AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up prior to trading on Monday . The stock had previously closed at $3.9050, but opened at $4.1680. AAC Technologies shares last traded at $4.06, with a volume of 4,682 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

AAC Technologies Stock Performance

The stock’s 50 day moving average is $4.58 and its two-hundred day moving average is $4.98. The firm has a market capitalization of $4.92 billion, a P/E ratio of 140.67 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.

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.