AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Still a Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $4.64, but opened at $4.82. AAC Technologies shares last traded at $4.82, with a volume of 896 shares trading hands.

Analyst Ratings Changes

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

AAC Technologies Price Performance

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

About AAC Technologies

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.