AUO (OTCMKTS:AUOTY) Trading Down 9.2% – Should You Sell?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price dropped 9.2% on Monday . The company traded as low as $9.01 and last traded at $9.12. 2,098 shares changed hands during trading, a decline of 97% from the average session volume of 66,132 shares. The stock had previously closed at $10.04.

AUO Trading Down 3.8%

The firm has a 50-day simple moving average of $7.88 and a 200-day simple moving average of $5.96. The firm has a market cap of $6.62 billion, a P/E ratio of 35.84 and a beta of 0.39.

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). AUO had a return on equity of 3.58% and a net margin of 2.06%.The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.11 billion. Research analysts predict that AUO Corporation – Sponsored ADR will post 0.11 earnings per share 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.