AU Optronics Corp. (AUO) Shares Gap Up to $3.54
AU Optronics Corp. (NYSE:AUO) shares gapped up before the market opened on Monday . The stock had previously closed at $3.44, but opened at $3.54. AU Optronics Corp. shares last traded at $3.69, with a volume of 263,246 shares.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group AG raised shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $3.38.
The stock has a 50-day moving average of $3.10 and a 200 day moving average of $2.84. The stock’s market cap is $3.72 billion.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.29. The company had revenue of $71.14 billion for the quarter, compared to the consensus estimate of $2.23 billion. The company’s revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that AU Optronics Corp. will post ($0.04) EPS for the current fiscal year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP increased its position in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,955,113 shares of the company’s stock after buying an additional 308,202 shares during the period. Dimensional Fund Advisors LP owned about 1.87% of AU Optronics Corp. worth $52,251,000 at the end of the most recent quarter.
Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems.
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