AAC Technologies (OTCMKTS:AACAY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.94 and traded as low as $4.90. AAC Technologies shares last traded at $4.90, with a volume of 802 shares changing hands.

AAC Technologies Price Performance

The company’s 50 day simple moving average is $4.94 and its 200 day simple moving average is $5.23. The stock has a market cap of $5.73 billion, a P/E ratio of 81.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12.

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.