AUO (OTCMKTS:AUOTY) Shares Up 10.2% – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price rose 10.2% during trading on Monday . The stock traded as high as $8.41 and last traded at $8.34. Approximately 4,613 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 65,671 shares. The stock had previously closed at $7.57.

AUO Price Performance

The company has a market capitalization of $6.44 billion, a PE ratio of 38.03 and a beta of 0.43. The company has a 50-day moving average of $8.33 and a two-hundred day moving average of $6.37.

AUO (OTCMKTS:AUOTY) last issued its quarterly 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 return on equity of 3.13% and a net margin of 1.82%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion.

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.