AUO (OTCMKTS:AUOTY) Shares Gap Up – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.34, but opened at $8.27. AUO shares last traded at $8.15, with a volume of 11,582 shares traded.

AUO Stock Performance

The business’s fifty day moving average price is $6.44 and its 200-day moving average price is $5.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.13 and a quick ratio of 0.83. The stock has a market capitalization of $6.30 billion, a PE ratio of 34.08 and a beta of 0.46.

AUO (OTCMKTS:AUOTY) last posted its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. As a group, equities research analysts expect that AUO Corporation – Sponsored ADR will post 0.11 EPS for the current year.

AUO Company Profile

AU Optronics Corp. (OTCMKTS:AUOTY) is a Taiwanese manufacturer specializing in thin‐film‐transistor liquid crystal display (TFT‐LCD) panels. Headquartered in Hsinchu, Taiwan, the company designs, develops and produces high‐resolution display solutions for a variety of end markets, including televisions, desktop monitors, notebook computers, mobile devices and tablets. In addition to consumer electronics, AU Optronics supplies specialty and industrial displays for applications such as automotive instrument clusters, medical imaging and retail signage.

Founded in 1996, AU Optronics has grown into one of the world’s leading TFT‐LCD producers by expanding its fabrication facilities across Taiwan and mainland China.