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

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY) gapped up prior to trading on Tuesday . The stock had previously closed at $4.01, but opened at $4.2450. AAC Technologies shares last traded at $4.2450, with a volume of 512 shares trading hands.

AAC Technologies Price Performance

The company has a 50 day moving average of $4.62 and a 200 day moving average of $5.00. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 136.33 and a beta of 1.32.

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.