AUO (OTCMKTS:AUOTY) Trading 19.9% Higher – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) traded up 19.9% during trading on Thursday . The company traded as high as $8.88 and last traded at $8.80. 23,295 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 68,525 shares. The stock had previously closed at $7.34.

AUO Price Performance

The stock’s 50-day simple moving average is $6.51 and its 200 day simple moving average is $5.20. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 36.92 and a beta of 0.46.

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