AUO (OTCMKTS:AUOTY) Shares Gap Up – What’s Next?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Friday . The stock had previously closed at $9.1773, but opened at $10.16. AUO shares last traded at $10.50, with a volume of 1,513 shares changing hands.

AUO Stock Up 3.5%

The firm’s 50-day moving average price is $7.64 and its two-hundred day moving average price is $5.84. The firm has a market capitalization of $8.00 billion, a PE ratio of 43.29 and a beta of 0.39.

AUO (OTCMKTS:AUOTY) last released its earnings results 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). AUO had a net margin of 2.06% and a return on equity of 3.58%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Equities research analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 EPS for the current 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.