AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Short Interest Update – MarketBeat
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AAC Technologies Holdings Inc. (OTCMKTS:AACAY – Get Rating) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 74,600 shares, a decline of 28.1% from the October 15th total of 103,700 shares. Based on an average trading volume of 630,200 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analyst Weigh In
AACAY has been the subject of several recent analyst reports. Nomura raised shares of AAC Technologies from a “neutral” rating to a “buy” rating in a report on Friday. Jefferies Financial Group raised shares of AAC Technologies from a “hold” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised shares of AAC Technologies from a “neutral” rating to an “overweight” rating in a report on Wednesday.
AAC Technologies Stock Down 2.5 %
Shares of OTCMKTS AACAY opened at $2.31 on Friday. The firm’s 50-day moving average price is $1.73 and its 200-day moving average price is $1.92. The company has a current ratio of 2.10, a quick ratio of 1.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.10 and a beta of 0.90. AAC Technologies has a 12-month low of $1.30 and a 12-month high of $4.80.
AAC Technologies (OTCMKTS:AACAY – Get Rating) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. AAC Technologies had a net margin of 4.04% and a return on equity of 5.03%. The company had revenue of $683.75 million for the quarter, compared to analyst estimates of $686.22 million. On average, equities research analysts anticipate that AAC Technologies will post 0.1 EPS for the current fiscal year.
About AAC Technologies
(Get Rating)
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.
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