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AAC Technologies (OTCMKTS:AACAY) Trading Up 6.7% - Time to Buy?

AAC Technologies logo with Computer and Technology background

Key Points

  • AAC Technologies Holdings Inc. saw its stock price increase by 6.7% on Monday, reaching a high of $6.41, despite a 32% decline in trading volume compared to its average.
  • The company announced a dividend increase, distributing $0.0262 per share, marking a significant boost from the previous dividend of $0.01 and representing a yield of 53.0%.
  • AAC Technologies operates across various segments including acoustics, optics, and semiconductor products, providing solutions primarily for smart devices in China and other regions.
  • Want stock alerts on AAC Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report) was up 6.7% on Monday . The company traded as high as $6.41 and last traded at $6.41. Approximately 5,478 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 8,094 shares. The stock had previously closed at $6.01.

AAC Technologies Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.45. The firm has a 50-day moving average of $5.14 and a 200-day moving average of $5.28.

AAC Technologies Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, May 28th were paid a dividend of $0.0262 per share. 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

(Get Free Report)

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.

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