AUO (OTCMKTS:AUOTY) Shares Down 8.6% – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price was down 8.6% on Tuesday . The stock traded as low as $8.92 and last traded at $8.92. Approximately 21,364 shares traded hands during trading, a decline of 68% from the average session volume of 66,633 shares. The stock had previously closed at $9.76.

AUO Trading Down 7.7%

The stock has a market capitalization of $6.94 billion, a PE ratio of 37.55 and a beta of 0.39. The stock has a 50 day moving average price of $7.32 and a 200-day moving average price of $5.67.

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 business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Research analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current 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.