AAC Technologies (OTCMKTS:AACAY) Shares Cross Below Fifty Day Moving Average of $1.92

AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.92 and traded as low as $1.61. AAC Technologies shares last traded at $1.62, with a volume of 110,562 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded AAC Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Report on AAC Technologies

AAC Technologies Trading Up 1.9 %

The company has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.40 and a current ratio of 1.89. The stock has a market capitalization of $1.94 billion, a PE ratio of 14.73 and a beta of 1.17.

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.

Further Reading

Receive News & Ratings for AAC Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC Technologies and related companies with MarketBeat.com's FREE daily email newsletter.