AUO (OTCMKTS:AUOTY) Trading Up 3.6% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price rose 3.6% on Tuesday . The company traded as high as $8.31 and last traded at $8.31. Approximately 226 shares traded hands during trading, a decline of 100% from the average session volume of 64,983 shares. The stock had previously closed at $8.02.

AUO Price Performance

The company’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $6.81. The firm has a market capitalization of $6.31 billion, a PE ratio of 37.27 and a beta of 0.47.

AUO (OTCMKTS:AUOTY) last released its earnings results on Thursday, July 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.15%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion.

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.