AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – Should You Sell?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares gapped down before the market opened on Friday . The stock had previously closed at $5.8456, but opened at $5.47. AAC Technologies shares last traded at $5.47, with a volume of 2,010 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

AAC Technologies Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. The stock has a 50-day moving average of $5.42 and a two-hundred day moving average of $4.91.

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.