AAC Technologies (OTCMKTS:AACAY) Sees Large Volume Increase – Should You Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw strong trading volume on Thursday . 25,067 shares traded hands during trading, an increase of 192% from the previous session’s volume of 8,576 shares.The stock last traded at $4.95 and had previously closed at $4.90.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

AAC Technologies Stock Up 1.0%

The business has a fifty day moving average of $5.47 and a 200 day moving average of $4.93. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

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.