AUO (OTCMKTS:AUOTY) Trading Down 7.4% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) dropped 7.4% during mid-day trading on Thursday . The stock traded as low as $4.87 and last traded at $4.87. Approximately 39,023 shares were traded during trading, a decline of 73% from the average daily volume of 146,564 shares. The stock had previously closed at $5.26.

AUO Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $3.74 and a 200 day moving average price of $4.33. The stock has a market cap of $3.75 billion, a PE ratio of 15.13 and a beta of 0.45.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.09 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 analyst estimates of $2.30 billion. AUO had a net margin of 3.17% and a return on equity of 5.77%. Analysts expect that AUO Corporation – Sponsored ADR will post -0.26 earnings per share 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.