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

Key Points

• AAC Technologies Holdings Inc. experienced a notable gap up in stock price, opening at $5.93 after a previous close of $5.59, reflecting a trading volume of 2,001 shares.
• The company declared an increased dividend of $0.0262 per share, significantly up from its previous dividend of $0.01, offering a yield of 53.0%.
• AAC Technologies maintains a debt-to-equity ratio of 0.33 and a current ratio of 1.45, indicating strong financial health.

AAC Technologies Holdings Inc. (OTCMKTS:AACAY - )'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.59, but opened at $5.93. AAC Technologies shares last traded at $5.93, with a volume of 2,001 shares traded.

AAC Technologies Stock Up 7.8%

The stock has a 50-day moving average of $5.07 and a two-hundred day moving average of $5.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.45 and a quick ratio of 1.18.

AAC Technologies Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.0262 per share. The ex-dividend date was Tuesday, May 27th. This represents a yield of 53.0%. This is a boost from AAC Technologies's previous dividend of $0.01.

About AAC Technologies

AAC Technologies Holdings Inc, an investment holding company, provides solutions for smart devices in Mainland China, Hong Kong Special Administrative Region of the People's Republic of China, Taiwan, other Asian countries, the United States, and Europe. The company operates through Acoustics Product, Electromagnetic Drives and Precision Mechanics, Optics Products, Sensor and Semiconductor Products, and other products segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.