AAC Technologies Holdings Inc. (OTCMKTS:AACAY – Get Rating) was the recipient of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 256,200 shares, a decrease of 5.8% from the December 15th total of 272,000 shares. Based on an average daily volume of 54,900 shares, the short-interest ratio is currently 4.7 days.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of AAC Technologies from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Nomura raised shares of AAC Technologies from a “neutral” rating to a “buy” rating in a report on Friday, November 11th. CLSA cut shares of AAC Technologies from a “buy” rating to a “sell” rating in a research note on Thursday, January 5th. Finally, JPMorgan Chase & Co. raised shares of AAC Technologies from a “neutral” rating to an “overweight” rating in a research report on Wednesday, November 9th.
AAC Technologies Stock Performance
Shares of AACAY stock opened at $2.71 on Monday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 27.05 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.34 and a current ratio of 2.10. The company has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $1.95. AAC Technologies has a 52 week low of $1.30 and a 52 week high of $3.44.
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. It operates through Acoustics Product, Electromagnetic Drives and Precision Mechanics, Optics Products, and Micro Electro-Mechanical System (MEMS) Components segments.
- Get a free copy of the StockNews.com research report on AAC Technologies (AACAY)
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