AAC Technologies (OTCMKTS:AACAY) Share Price Breaks Above 50-Day Moving Average – Here’s Why

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $4.87 and traded as high as $4.91. AAC Technologies shares last traded at $4.88, with a volume of 9,818 shares trading hands.

Wall Street Analysts Forecast Growth

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

AAC Technologies Trading Up 1.5%

The stock’s 50 day moving average is $4.87 and its 200-day moving average is $4.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.07 and a current ratio of 1.43.

AAC Technologies Company Profile

AAC Technologies Holdings Inc. is a developer and manufacturer of precision components and modules used in consumer electronics and other devices. Its products include acoustic components, such as speakers and receivers, as well as haptic components, optical products, sensors and precision mechanical parts. Founded in 1993, the company supplies manufacturers of smartphones and other consumer electronics, serving customers in markets around the world. Its technologies are also used in applications beyond mobile devices, including automotive products.