Zacks Investment Research cut shares of Aac Technologies H (OTCMKTS:AACAY) from a buy rating to a hold rating in a research note published on Wednesday.
According to Zacks, “AAC Technologies Holdings Inc. is a micro component solutions provider for communications and consumer electronics market. The Company is engaged in designing and manufacturing a diverse range of components including acoustics, antennas, optics, haptics and Li-ion polymer batteries for mobile devices. Its products are used in a variety of applications including mobile handsets, tablets, notebooks, LED TV, game consoles, eReaders, MP3 players, MP4 players, and many other consumer electronics. AAC Technologies Holdings Inc., formerly known as AAC Acoustic Technologies Holdings Inc., is headquartered in Shenzhen, China. “
Aac Technologies H (OTCMKTS:AACAY) traded up $10.54 during trading hours on Wednesday, reaching $193.00. 3,633 shares of the company traded hands, compared to its average volume of 1,668. Aac Technologies H has a 1-year low of $95.93 and a 1-year high of $234.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.28 and a quick ratio of 0.96. The company has a market capitalization of $23,220.00, a price-to-earnings ratio of 32.64, a P/E/G ratio of 0.63 and a beta of 0.47.
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AAC Technologies Holdings Inc, an investment holding company, provides micro-component solutions for communication and information technology consumer electronics worldwide. The company operates through Dynamic components, Haptics & Radio Frequency Mechanical Module, MEMS components, and Other Products segments.
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