AUO (OTCMKTS:AUOTY) Stock Price Down 8.6% – What’s Next?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) dropped 8.6% on Tuesday . The company traded as low as $8.92 and last traded at $8.92. 21,364 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 66,633 shares. The stock had previously closed at $9.76.

AUO Trading Down 7.7%

The firm has a 50 day moving average of $7.32 and a 200-day moving average of $5.67. The company has a market cap of $6.94 billion, a P/E ratio of 37.55 and a beta of 0.39.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.11 billion. AUO had a net margin of 2.06% and a return on equity of 3.58%. Equities analysts predict that AUO Corporation – Sponsored ADR will post 0.11 EPS for the current fiscal year.

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.