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

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Wednesday . The stock had previously closed at $9.76, but opened at $9.05. AUO shares last traded at $9.03, with a volume of 4,099 shares trading hands.

AUO Trading Up 9.4%

The firm has a market capitalization of $7.73 billion, a P/E ratio of 41.84 and a beta of 0.39. The business’s 50 day simple moving average is $7.64 and its two-hundred day simple moving average is $5.84.

AUO (OTCMKTS:AUOTY) last issued its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). AUO had a return on equity of 3.58% and a net margin of 2.06%.The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.11 billion. Analysts predict that AUO Corporation – Sponsored ADR will post 0.11 EPS for the current fiscal year.

AUO Company Profile

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.