AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) Hits New 52-Week Low at $4.67

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) reached a new 52-week low on Monday . The stock traded as low as $4.67 and last traded at $4.70, with a volume of 34342 shares trading hands. The stock had previously closed at $4.99.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of AAC TECHNOLOGIE/ADR from a “sell” rating to a “neutral” rating in a research note on Monday, May 20th. ValuEngine upgraded shares of AAC TECHNOLOGIE/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. HSBC upgraded shares of AAC TECHNOLOGIE/ADR from a “reduce” rating to a “hold” rating in a research note on Monday, May 20th. Zacks Investment Research cut shares of AAC TECHNOLOGIE/ADR from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of AAC TECHNOLOGIE/ADR from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.25.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 10.31 and a beta of 0.94. The company’s 50 day moving average price is $5.52.

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) last posted its quarterly earnings results on Friday, May 17th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. AAC TECHNOLOGIE/ADR had a net margin of 17.95% and a return on equity of 24.56%. The firm had revenue of $556.19 million during the quarter, compared to analyst estimates of $466.76 million. As a group, research analysts forecast that AAC TECHNOLOGIE/ADR will post 0.37 EPS for the current fiscal year.

AAC TECHNOLOGIE/ADR Company Profile (OTCMKTS:AACAY)

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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