AAC Technologies (OTCMKTS:AACAY) Shares Up 3.9% – Should You Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s share price was up 3.9% during mid-day trading on Monday . The company traded as high as $5.60 and last traded at $5.60. 459 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 10,712 shares. The stock had previously closed at $5.3899.

Wall Street Analysts Forecast Growth

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

AAC Technologies Trading Down 2.1%

The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $5.17 and its 200 day moving average is $5.00.

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.