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

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up prior to trading on Tuesday . The stock had previously closed at $4.21, but opened at $4.60. AUO shares last traded at $4.77, with a volume of 538 shares changing hands.

AUO Stock Performance

The stock has a 50-day moving average price of $3.68 and a 200 day moving average price of $4.32. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.83 and a beta of 0.45.

AUO (OTCMKTS:AUOTY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. AUO had a net margin of 3.17% and a return on equity of 5.77%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion. On average, analysts forecast that AUO Corporation – Sponsored ADR will post -0.26 EPS 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.