AAC Technologies (OTCMKTS:AACAY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.89 and traded as low as $4.50. AAC Technologies shares last traded at $4.50, with a volume of 4,559 shares traded.

AAC Technologies Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 150.00 and a beta of 1.33. The firm’s 50-day moving average price is $4.89 and its 200 day moving average price is $5.21.

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.