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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.10, but opened at $5.8880. AUO shares last traded at $5.88, with a volume of 1,439 shares changing hands.

AUO Stock Down 1.5%

The firm has a market cap of $4.59 billion, a P/E ratio of 24.86 and a beta of 0.28. The business’s fifty day moving average price is $5.39 and its two-hundred day moving average price is $4.63. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.11 billion. AUO had a net margin of 2.06% and a return on equity of 3.58%. As a group, equities research analysts anticipate 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.