AUO (OTCMKTS:AUOTY) Sees Large Volume Increase – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares saw unusually-high trading volume on Friday . 128,219 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 64,900 shares.The stock last traded at $8.20 and had previously closed at $8.25.

AUO Price Performance

The business has a 50 day moving average price of $8.27 and a 200 day moving average price of $6.83. The firm has a market capitalization of $6.31 billion, a P/E ratio of 37.27 and a beta of 0.47.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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.