AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down before the market opened on Thursday . The stock had previously closed at $5.4950, but opened at $5.3301. AAC Technologies shares last traded at $5.5730, with a volume of 7,282 shares.

Analyst Upgrades and Downgrades

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

AAC Technologies Price Performance

The business’s fifty day moving average is $5.15 and its 200-day moving average is $5.02. 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.