AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Here’s Why

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $4.88, but opened at $4.61. AAC Technologies shares last traded at $4.6195, with a volume of 616 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded AAC Technologies from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 23rd. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

AAC Technologies Trading Down 1.7%

The business’s fifty day moving average price is $4.85 and its 200-day moving average price is $4.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.07 and a current ratio of 1.43.

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.