AAC Technologies (OTCMKTS:AACAY) Sees Strong Trading Volume – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares saw an uptick in trading volume on Wednesday . 6,840 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 8,262 shares.The stock last traded at $5.42 and had previously closed at $5.43.

Wall Street Analysts Forecast Growth

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

AAC Technologies Stock Up 0.8%

The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $4.92.

AAC Technologies Company Profile

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.