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

AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.24, but opened at $5.11. AAC Technologies shares last traded at $5.1675, with a volume of 1,704 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AAC Technologies currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on AACAY

AAC Technologies Trading Down 2.1%

The stock’s fifty day moving average price is $5.17 and its 200 day moving average price is $5.04. The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

About AAC Technologies

(Get Free Report)

AAC Technologies Holdings Inc is a China-based manufacturer of advanced components and solutions for consumer electronics and other technology products. The company develops and produces acoustic components, including speakers, receivers, microphones and related modules, as well as haptic components that provide vibration and tactile feedback.

Its product portfolio also includes precision mechanical components, camera and optical components, and other miniature systems used in smartphones, personal computers, wearables, automotive electronics and smart devices.

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