Back to top

Tale of the Tape

Zacks Equity Research

Can AAC Technologies (AACAY) Continue to surge?
December 26, 2013

AACAY FN KEM CAMP

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

One company that should be on your radar is AAC Technologies Holdings Inc. (AACAY). The stock of this electronic components provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AACAY’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $3.12 per share a month ago to its current level at $3.53 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AACAY has seen some pretty solid trading lately, as the company has moved higher by 12.2% in the past month.

If AACAY can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AACAY on your watch list for the future.

Other top-ranked stocks worth considering in this space include Fabrinet (FN - Snapshot Report), KEMET Corp. (KEM - Snapshot Report) and CalAmp Corp. (CAMP - Snapshot Report). Fabrinet and KEMET currently have a Zacks Rank #1 (Strong Buy), and CalAmp has a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 33.54 +9.00%
INTERNATIONA ICAGY 33.09 +4.72%
NOAH HOLDING NOAH 13.91 +4.67%
CHINA DISTAN DL 14.79 +4.30%
VALEO SA SPO VLEEY 67.91 +3.95%