AUO (OTCMKTS:AUOTY) Shares Gap Down – Time to Sell?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Wednesday . The stock had previously closed at $9.76, but opened at $9.05. AUO shares last traded at $9.03, with a volume of 4,099 shares traded.

AUO Trading Up 1.3%

The company has a market cap of $7.03 billion, a price-to-earnings ratio of 38.04 and a beta of 0.39. The business’s 50 day moving average price is $7.47 and its 200-day moving average price is $5.76.

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 the consensus estimate 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 the consensus estimate of $2.11 billion. Equities research analysts forecast 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.