AAC Technologies (OTCMKTS:AACAY) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of AAC Technologies (OTCMKTS:AACAY) from a strong-buy rating to a hold rating in a report published on Friday morning,Zacks.com reports.

AAC Technologies Trading Down 5.2%

Shares of OTCMKTS:AACAY opened at $3.91 on Friday. The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.98. AAC Technologies has a one year low of $3.82 and a one year high of $6.89. 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 stock has a market capitalization of $4.56 billion, a PE ratio of 130.17 and a beta of 1.32.

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.