AUO (OTCMKTS:AUOTY) Shares Gap Up – Time to Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Monday . The stock had previously closed at $8.84, but opened at $9.40. AUO shares last traded at $9.47, with a volume of 2,019 shares trading hands.

AUO Trading Up 7.8%

The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $6.98 and a 200-day moving average price of $5.47. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 39.71 and a beta of 0.45.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. Research analysts predict that AUO Corporation – Sponsored ADR will post 0.11 EPS 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.