AAC Technologies (OTCMKTS:AACAY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up: AACAY opened at $4.1680 vs the prior close of $3.9050 and last traded at $4.06 on light volume (~4,682 shares).
• Analyst downgrade: Jefferies cut its rating from "strong-buy" to "hold," and MarketBeat shows an average rating of "Hold."
• Key fundamentals: Market cap about $4.92B with a P/E of 140.67; the stock is trading below its 50-day ($4.58) and 200-day ($4.98) moving averages and has modest leverage (debt/equity 0.32).

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.9050, but opened at $4.1680. AAC Technologies shares last traded at $4.06, with a volume of 4,682 shares.

Analyst Ratings Changes

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

AAC Technologies Stock Performance

The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 140.67 and a beta of 1.32. 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 stock has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.98.

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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