AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Still a Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $4.4825, but opened at $4.90. AAC Technologies shares last traded at $4.90, with a volume of 665 shares changing hands.

Wall Street Analysts Forecast Growth

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

AAC Technologies Stock Down 3.5%

The firm’s 50 day simple moving average is $4.97 and its two-hundred day simple moving average is $4.95. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.30.

AAC Technologies Company Profile

AAC Technologies Holdings Inc is a China-based manufacturer of components and solutions for consumer electronics and other technology applications. The company develops and produces acoustic components, including microphones, receivers, speakers and speaker modules, as well as haptic products that provide vibration and tactile feedback for mobile devices and other electronic equipment.

The company also operates in precision manufacturing and provides products used in optical and imaging systems, including camera-related components and modules.