AU Optronics Corp. (AUO) Sees Large Volume Increase
AU Optronics Corp. (NYSE:AUO) saw an uptick in trading volume on Friday . 1,459,486 shares traded hands during trading, an increase of 23% from the previous session’s volume of 1,186,091 shares.The stock last traded at $3.98 and had previously closed at $3.89.
A number of research firms recently commented on AUO. Jefferies Group cut AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, July 20th. Bank of America Corp. upgraded AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $3.38.
The company’s market capitalization is $3.80 billion. The stock’s 50 day moving average is $3.88 and its 200-day moving average is $3.06.
AU Optronics Corp. (NYSE:AUO) last announced its earnings results on Wednesday, July 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. During the same period last year, the business posted $0.47 EPS. The company had revenue of $80.09 billion for the quarter, compared to the consensus estimate of $77.62 billion. The firm’s revenue was down 13.2% compared to the same quarter last year. On average, equities research 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 increased its stake in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent 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 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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