AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Should You Sell?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped down before the market opened on Friday . The stock had previously closed at $5.25, but opened at $4.91. AAC Technologies shares last traded at $4.91, with a volume of 11,889 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, AAC Technologies has a consensus rating of “Hold”.

AAC Technologies Stock Performance

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 fifty day simple moving average is $5.49 and its 200 day simple moving average is $4.93.

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.