AUO (OTCMKTS:AUOTY) Trading Up 10.1% – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price shot up 10.1% during trading on Thursday . The company traded as high as $10.17 and last traded at $10.10. Approximately 35,263 shares were traded during trading, a decline of 46% from the average daily volume of 65,907 shares. The stock had previously closed at $9.1773.

AUO Trading Down 0.4%

The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 41.67 and a beta of 0.39. The firm’s 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $5.87.

AUO (OTCMKTS:AUOTY) last announced its earnings results 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 for the quarter, compared to analyst estimates of $2.11 billion. As a group, equities research analysts anticipate that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current fiscal 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.