AAC Technologies (OTCMKTS:AACAY) Shares Gap Down – What’s Next?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $5.09, but opened at $4.8875. AAC Technologies shares last traded at $5.0050, with a volume of 1,888 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut 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, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on AAC Technologies

AAC Technologies Stock Down 1.5%

The firm has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $5.08. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

AAC Technologies Company Profile

(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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