AUO (OTCMKTS:AUOTY) Shares Gap Down – Time to Sell?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Thursday . The stock had previously closed at $10.26, but opened at $9.33. AUO shares last traded at $9.33, with a volume of 201 shares traded.

AUO Trading Down 0.3%

The company has a market cap of $7.16 billion, a PE ratio of 38.75 and a beta of 0.39. The stock has a 50 day moving average price of $7.19 and a 200 day moving average price of $5.59.

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

About AUO

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.