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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.12. AUO shares last traded at $4.30, with a volume of 35,446 shares trading hands.

AUO Stock Down 2.5%

The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $4.31. The stock has a market capitalization of $3.54 billion, a PE ratio of 14.39 and a beta of 0.45.

AUO (OTCMKTS:AUOTY) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.10. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.30 billion. AUO had a net margin of 3.17% and a return on equity of 5.77%. As a group, sell-side analysts forecast that AUO Corporation – Sponsored ADR will post -0.26 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.