Can AAC Technologies (AACAY) Continue to surge?

Zacks

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), KEMET Corp. (KEM) and CalAmp Corp. (CAMP). Fabrinet and KEMET currently have a Zacks Rank #1 (Strong Buy), and CalAmp has a Zacks Rank #2 (Buy).

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AAC TEC HOLDINGS ADR (AACAY): Free Stock Analysis Report

FABRINET (FN): Free Stock Analysis Report

KEMET CORP (KEM): Free Stock Analysis Report

CALAMP CP (CAMP): Free Stock Analysis Report


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