AUO (OTCMKTS:AUOTY) Shares Up 4% – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price rose 4% during mid-day trading on Wednesday. The stock traded as high as $11.10 and last traded at $11.00. 14,949 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 67,193 shares. The stock had previously closed at $10.58.

AUO Stock Up 3.6%

The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 49.82 and a beta of 0.43. The business has a 50-day moving average price of $9.40 and a 200-day moving average price of $7.92.

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

About AUO

AUO Corporation is a Taiwan-based technology company that develops and manufactures display solutions. Its product portfolio includes thin-film transistor liquid-crystal display (TFT-LCD) panels, AMOLED displays and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, automotive systems and industrial equipment.

In addition to producing display panels, AUO provides integrated display and smart-solution products for applications such as digital signage, transportation, healthcare, education, retail and enterprise environments.