AAC Technologies (OTCMKTS:AACAY) Sets New 12-Month Low Following Analyst Downgrade

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) shares hit a new 52-week low during trading on Friday after Jefferies Financial Group downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $3.82 and last traded at $4.03, with a volume of 1544 shares traded. The stock had previously closed at $4.12.

AAC Technologies Stock Down 5.2%

The stock’s fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $4.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 130.17 and a beta of 1.32.

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.