AAC Technologies Holdings Inc. (OTCMKTS:AACAY – Get Free Report) gapped up prior to trading 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.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group cut 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on AAC Technologies
AAC Technologies Stock Up 0.9%
The business’s 50-day simple moving average is $4.90 and its 200-day simple moving average is $4.94. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.30.
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.
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