AAC Technologies (OTCMKTS:AACAY) Sees Strong Trading Volume – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw unusually-strong trading volume on Thursday . 25,067 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 8,576 shares.The stock last traded at $4.95 and had previously closed at $4.90.

Analyst Upgrades and Downgrades

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

AAC Technologies Stock Up 1.0%

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 business’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $4.93.

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.