AAC Technologies (OTCMKTS:AACAY) Sees Unusually-High Trading Volume – What’s Next?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw an uptick in trading volume on Thursday . Approximately 25,067 shares changed 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 Ratings Changes

Separately, Jefferies Financial Group downgraded 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, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

AAC Technologies Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $5.48 and its two-hundred 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.