AU Optronics Corp. (AUO) Sees Unusually-High Trading Volume
Shares of AU Optronics Corp. (NYSE:AUO) saw unusually-strong trading volume on Wednesday . Approximately 1,328,604 shares changed hands during trading, an increase of 19% from the previous session’s volume of 1,112,081 shares.The stock last traded at $3.88 and had previously closed at $3.90.
A number of equities research analysts have weighed in on AUO shares. Credit Suisse Group AG raised shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Finally, Zacks Investment Research raised shares of AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $3.69.
The company’s market cap is $3.76 billion. The stock’s 50-day moving average price is $3.16 and its 200-day moving average price is $2.85.
AU Optronics Corp. (NYSE:AUO) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.29. During the same period last year, the business posted $0.54 earnings per share. The business had revenue of $71.14 billion for the quarter, compared to analysts’ expectations of $2.23 billion. The company’s revenue was down 25.4% compared to the same quarter last year. Analysts expect that AU Optronics Corp. will post ($0.04) earnings per share for the current fiscal year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP raised its stake in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent filing 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 1.87% of AU Optronics Corp. worth $52,251,000 at the end of the most recent reporting period.
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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