AAC Technologies (OTCMKTS:AACAY) Trading 3.9% Higher – Still a Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price shot up 3.9% on Monday . The company traded as high as $5.60 and last traded at $5.60. Approximately 459 shares were traded during trading, a decline of 96% from the average session volume of 10,712 shares. The stock had previously closed at $5.3899.

Analysts Set New Price Targets

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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

AAC Technologies Trading Up 4.6%

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 50 day moving average is $5.18 and its 200-day moving average is $4.99.

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.