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.

Shares of AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report) 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 traded.

AAC Technologies Price Performance

The business's 50-day moving average is $4.97 and its two-hundred day moving average is $5.22. 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 firm also recently announced a dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.0262 per share. This represents a dividend yield of 53.0%. This is a positive change from AAC Technologies's previous dividend of $0.01. The ex-dividend date was Tuesday, May 27th.

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.