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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.85, but opened at $9.50. AUO shares last traded at $9.50, with a volume of 268 shares traded.

AUO Trading Down 2.2%

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’s fifty day moving average price is $6.73 and its two-hundred day moving average price is $5.31. The firm has a market cap of $7.31 billion, a PE ratio of 39.58 and a beta of 0.45.

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 the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. As a group, sell-side analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 earnings per share 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.