AUO (OTCMKTS:AUOTY) Sees Strong Trading Volume – Should You Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares saw unusually-high trading volume on Wednesday . 486,183 shares were traded during trading, an increase of 677% from the previous session’s volume of 62,585 shares.The stock last traded at $7.94 and had previously closed at $8.03.

AUO Price Performance

The stock has a market capitalization of $6.11 billion, a P/E ratio of 36.05 and a beta of 0.43. The stock’s fifty day moving average is $8.36 and its two-hundred day moving average is $6.71.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. AUO had a return on equity of 3.13% and a net margin of 1.82%.The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion.

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.