AAC Technologies (OTCMKTS:AACAY) Rating Lowered to Hold at Jefferies Financial Group

AAC Technologies (OTCMKTS:AACAY) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

AAC Technologies Stock Down 5.2%

Shares of AACAY stock opened at $3.91 on Friday. The stock has a market cap of $4.56 billion, a P/E ratio of 130.17 and a beta of 1.32. The company has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $4.98. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. AAC Technologies has a 12 month low of $3.82 and a 12 month high of $6.89.

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.