AUO (OTCMKTS:AUOTY) Stock Price Down 13.5% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price traded down 13.5% during mid-day trading on Monday. The stock traded as low as $9.05 and last traded at $9.1650. Approximately 2,890 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 65,068 shares. The stock had previously closed at $10.59.

AUO Stock Performance

The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 308.44 and a beta of 0.45. The firm’s 50 day simple moving average is $10.09 and its 200-day simple moving average is $7.33.

AUO (OTCMKTS:AUOTY) last posted its earnings results on Thursday, October 29th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). AUO had a return on equity of 0.41% and a net margin of 0.24%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion.

About AUO

AUO Corporation, also known as AUO, is a Taiwan-based technology company that designs and manufactures display products and related solutions. Its portfolio includes large-format and small-to-medium thin-film transistor liquid crystal displays (TFT-LCDs), active-matrix organic light-emitting diode (AMOLED) displays, and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, vehicles, and industrial equipment.

The company also provides display applications and integrated solutions for areas such as smart mobility, healthcare, retail, education, entertainment, and commercial environments.