AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Should You Sell?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down prior to trading on Friday . The stock had previously closed at $5.25, but opened at $4.91. AAC Technologies shares last traded at $4.91, with a volume of 11,889 shares trading hands.

Wall Street Analyst Weigh In

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

AAC Technologies Price Performance

The firm has a 50 day simple moving average of $5.49 and a 200-day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49.

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.