AUO (OTCMKTS:AUOTY) Shares Gap Up – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.85, but opened at $9.50. AUO shares last traded at $9.50, with a volume of 268 shares trading hands.

AUO Price Performance

The company has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $5.31. The firm has a market capitalization of $7.31 billion, a PE ratio of 39.58 and a beta of 0.45. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. Sell-side analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 earnings per share 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.