AU Optronics Corp. (AUO) Sees Large Volume Increase
Shares of AU Optronics Corp. (NYSE:AUO) saw unusually-high trading volume on Wednesday . Approximately 580,186 shares traded hands during trading, a decline of 7% from the previous session’s volume of 624,258 shares.The stock last traded at $3.36 and had previously closed at $3.47.
AUO has been the topic of a number of research analyst reports. Citigroup Inc. upgraded shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. Credit Suisse Group AG upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Drexel Hamilton restated a “hold” rating and issued a $2.50 target price on shares of AU Optronics Corp. in a research note on Thursday, March 10th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.38.
The firm has a 50 day moving average of $2.87 and a 200 day moving average of $2.80. The firm’s market capitalization is $3.24 billion.
AU Optronics Corp. (NYSE:AUO) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. The business earned $71.14 billion during the quarter, compared to analysts’ expectations of $2.23 billion. The business’s quarterly revenue was down 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Equities analysts expect that AU Optronics Corp. will post ($0.05) earnings per share for the current fiscal year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Oxford Asset Management boosted its position in AU Optronics Corp. (NYSE:AUO) by 1,387.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,394,629 shares of the company’s stock after buying an additional 1,300,846 shares during the period. Oxford Asset Management owned about 0.14% of AU Optronics Corp. worth $4,077,000 as of its most recent SEC filing.
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.