AAC Technologies (OTCMKTS:AACAY) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Shares dipped below key moving averages: AAC Technologies traded as low as $4.2450, crossing below its 50‑day moving average of $4.50 (and below the 200‑day MA of $4.92) on light volume of 3,439 shares.
• Analyst sentiment softened: Jefferies downgraded the stock from "strong‑buy" to "hold" on March 20, and the consensus rating on MarketBeat is currently "Hold."
• Valuation and balance‑sheet snapshot: The company has a market cap of $4.95 billion, a high trailing PE of 141.50, debt‑to‑equity of 0.32, a quick ratio of 1.12 and a current ratio of 1.44.

AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.50 and traded as low as $4.2450. AAC Technologies shares last traded at $4.2450, with a volume of 3,439 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded AAC Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, AAC Technologies presently has an average rating of "Hold".

AAC Technologies Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of $4.95 billion, a PE ratio of 141.50 and a beta of 1.32. The business's 50-day moving average is $4.50 and its 200 day moving average is $4.92.

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.

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