AUO (OTCMKTS:AUOTY) Shares Gap Up – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.33, but opened at $6.72. AUO shares last traded at $6.99, with a volume of 13,945 shares changing hands.

AUO Stock Up 9.4%

The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $5.33 billion, a PE ratio of 28.85 and a beta of 0.28. The business’s 50-day simple moving average is $5.44 and its 200-day simple moving average is $4.66.

AUO (OTCMKTS:AUOTY) last posted its quarterly 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 return on equity of 3.58% and a net margin of 2.06%.The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.11 billion. As a group, equities research analysts anticipate 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.