AAC TECHNOLOGIE/ADR (AACAY) Upgraded by Goldman Sachs Group to “Neutral”

Goldman Sachs Group upgraded shares of AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) from a sell rating to a neutral rating in a report released on Monday morning, The Fly reports.

AACAY has been the subject of a number of other research reports. Zacks Investment Research upgraded AAC TECHNOLOGIE/ADR from a sell rating to a hold rating in a research note on Tuesday, March 19th. Jefferies Financial Group upgraded AAC TECHNOLOGIE/ADR from a hold rating to a buy rating in a research note on Monday. Finally, ValuEngine upgraded AAC TECHNOLOGIE/ADR from a sell rating to a hold rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. AAC TECHNOLOGIE/ADR presently has a consensus rating of Hold and a consensus price target of $6.25.

AACAY opened at $5.22 on Monday. The company has a market capitalization of $6.38 billion, a PE ratio of 11.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.44 and a quick ratio of 1.04. AAC TECHNOLOGIE/ADR has a 52 week low of $4.68 and a 52 week high of $16.84.

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) last released its earnings results on Friday, March 22nd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.03). The firm had revenue of $699.53 million during the quarter, compared to analysts’ expectations of $897.21 million. AAC TECHNOLOGIE/ADR had a net margin of 20.94% and a return on equity of 30.58%. As a group, research analysts expect that AAC TECHNOLOGIE/ADR will post 0.37 earnings per share for the current fiscal year.

AAC TECHNOLOGIE/ADR Company Profile

AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments.

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