AUO (OTCMKTS:AUOTY) Shares Gap Down – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.12. AUO shares last traded at $4.30, with a volume of 35,446 shares changing hands.

AUO Stock Performance

The firm has a 50 day moving average price of $4.06 and a two-hundred day moving average price of $4.30. The company has a market capitalization of $3.33 billion, a P/E ratio of 14.17 and a beta of 0.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 1.19.

AUO (OTCMKTS:AUOTY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.10. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. AUO had a return on equity of 5.77% and a net margin of 3.17%. On average, research analysts expect that AUO Corporation – Sponsored ADR will post -0.26 earnings per share for the current fiscal year.

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.