AAC Technologies (OTCMKTS:AACAY) Shares Gap Up – Time to Buy?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.16, but opened at $4.82. AAC Technologies shares last traded at $4.82, with a volume of 353 shares changing hands.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, AAC Technologies has an average rating of “Hold”.

AAC Technologies Price Performance

The firm has a market capitalization of $5.32 billion, a PE ratio of 144.33 and a beta of 1.36. The stock has a 50-day moving average price of $4.43 and a 200-day moving average price of $4.87.

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.