AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) Lowered to “Sell” at Goldman Sachs Group

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) was downgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Sunday, The Fly reports.

Several other analysts also recently commented on AACAY. Zacks Investment Research downgraded AAC TECHNOLOGIE/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Financial Group downgraded AAC TECHNOLOGIE/ADR from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Finally, ValuEngine upgraded AAC TECHNOLOGIE/ADR from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.25.

OTCMKTS AACAY traded down $0.08 on Friday, reaching $6.51. The company had a trading volume of 35,587 shares, compared to its average volume of 91,571. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.14. The business has a 50 day moving average of $5.82 and a two-hundred day moving average of $5.49. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 14.47 and a beta of 1.06. AAC TECHNOLOGIE/ADR has a fifty-two week low of $4.19 and a fifty-two week high of $7.58.

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) last issued its earnings results on Friday, August 23rd. The company reported $0.04 EPS for the quarter. The company had revenue of $559.29 million during the quarter, compared to the consensus estimate of $554.00 million. AAC TECHNOLOGIE/ADR had a return on equity of 22.06% and a net margin of 16.10%. As a group, research analysts predict that AAC TECHNOLOGIE/ADR will post 0.3 earnings per share for the current fiscal year.


AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments.

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