AUO (OTCMKTS:AUOTY) Shares Gap Up – Should You Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.60, but opened at $11.10. AUO shares last traded at $10.54, with a volume of 3,756 shares.

AUO Stock Down 6.7%

The firm has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $7.23. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 49.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 1.12.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. AUO had a net margin of 1.82% and a return on equity of 3.15%.

About AUO

AUO Corporation is a Taiwan-based technology company that develops and manufactures display products and related solutions. Its portfolio includes thin-film transistor liquid-crystal displays (TFT-LCD), active-matrix organic light-emitting diode (AMOLED) panels, and emerging technologies such as mini LED and micro LED displays.

The company supplies display components and integrated solutions for a variety of applications, including televisions, monitors, notebook computers, tablets, smartphones, automotive systems, industrial equipment, medical devices, and other commercial products.