AUO (OTCMKTS:AUOTY) Shares Gap Down – Time to Sell?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down prior to trading on Monday . The stock had previously closed at $7.82, but opened at $7.22. AUO shares last traded at $7.35, with a volume of 7,041 shares.

AUO Stock Performance

The firm has a 50 day simple moving average of $8.19 and a two-hundred day simple moving average of $6.20. The stock has a market cap of $5.50 billion, a P/E ratio of 29.75 and a beta of 0.39.

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