AAC Technologies (OTCMKTS:AACAY) Sees Unusually-High Trading Volume – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw unusually-high trading volume on Friday . Approximately 92,971 shares changed hands during trading, an increase of 1,248% from the previous session’s volume of 6,897 shares.The stock last traded at $5.42 and had previously closed at $5.38.

Analyst Ratings Changes

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

AAC Technologies Stock Up 0.7%

The company’s 50 day moving average price is $4.67 and its two-hundred day moving average price is $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.