AAC Technologies (OTCMKTS:AACAY) Shares Gap Up - What's Next?

Key Points

• AAC Technologies Holdings Inc. saw its stock price increase by 7.2%, gapping up from a previous close of $5.00 to open at $5.36.
• The company declared a new dividend of $0.0262 per share, a significant increase from the previous $0.01 dividend, reflecting a yield of 0.53%.
• AAC Technologies operates across various segments including Acoustics, Electromagnetic Drives, Optics, and Sensors, providing solutions for smart devices in multiple regions globally.

AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.00, but opened at $5.36. AAC Technologies shares last traded at $5.36, with a volume of 194 shares trading hands.

AAC Technologies Stock Performance

The company has a 50 day moving average of $4.98 and a two-hundred day moving average of $5.23. The company has a quick ratio of 1.18, a current ratio of 1.45 and a debt-to-equity ratio of 0.33.

AAC Technologies Increases Dividend

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

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.