AAC Technologies (OTCMKTS:AACAY) Stock Price Up 18.5% – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price rose 18.5% during trading on Thursday . The stock traded as high as $5.7795 and last traded at $5.7795. Approximately 306 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 7,229 shares. The stock had previously closed at $4.8780.

Analyst Upgrades and Downgrades

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

AAC Technologies Price Performance

The firm has a 50 day moving average price of $4.54 and a two-hundred day moving average price of $4.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49.

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.