AU Optronics Corp. (AUO) Sets New 52-Week High at $4.32
Shares of AU Optronics Corp. (NYSE:AUO) hit a new 52-week high on Friday . The stock traded as high as $4.32 and last traded at $4.31, with a volume of 852,647 shares. The stock had previously closed at $4.15.
AUO has been the topic of several analyst reports. Zacks Investment Research cut shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. 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. Bank of America Corp. raised shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 19th. Finally, Jefferies Group cut shares of AU Optronics Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $3.58.
The company’s 50 day moving average price is $3.57 and its 200 day moving average price is $2.96. The stock’s market cap is $4.17 billion.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.14. The firm earned $80.09 billion during the quarter, compared to the consensus estimate of $77.62 billion. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. Equities analysts expect that AU Optronics Corp. will post $0.09 EPS for the current fiscal year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP raised its position in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.
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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