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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $4.67, but opened at $4.84. AAC Technologies shares last traded at $4.84, with a volume of 262 shares.

Analyst Upgrades and Downgrades

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 data from MarketBeat.com, the stock has an average rating of “Hold”.

AAC Technologies Stock Performance

The business’s 50-day moving average is $5.15 and its two-hundred day moving average is $5.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.07.

About AAC Technologies

AAC Technologies Holdings Inc is a China-based manufacturer of advanced components and solutions for consumer electronics and other technology applications. The company develops and produces miniaturized components used in smartphones, tablets, laptops, wearable devices, automotive systems and connected products.

Its product portfolio includes acoustic components such as speakers, receivers and microphones, as well as haptic systems, precision mechanical components, optical components and related modules.