AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Should You Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares gapped up prior to trading on Monday . The stock had previously closed at $4.7450, but opened at $4.9050. AAC Technologies shares last traded at $4.9050, with a volume of 877 shares trading hands.

AAC Technologies Trading Up 3.2%

The company has a market cap of $5.71 billion, a price-to-earnings ratio of 163.17 and a beta of 1.33. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $4.84 and its 200 day moving average is $5.17.

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.