AAC Technologies (OTCMKTS:AACAY) Sets New 1-Year Low After Analyst Downgrade

AAC Technologies Holdings Inc. (OTCMKTS:AACAY)’s stock price reached a new 52-week low on Friday after Jefferies Financial Group downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $3.82 and last traded at $4.03, with a volume of 1544 shares changing hands. The stock had previously closed at $4.12.

AAC Technologies Trading Down 5.2%

The firm has a market capitalization of $4.56 billion, a PE ratio of 130.17 and a beta of 1.32. The company’s fifty day simple moving average is $4.58 and its 200-day simple moving average is $4.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12.

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.