AU Optronics Corp. (AUO) Trading 1.5% Higher
Shares of AU Optronics Corp. (NYSE:AUO) were up 1.5% during mid-day trading on Tuesday . The stock traded as high as $3.47 and last traded at $3.44, with a volume of 318,816 shares. The stock had previously closed at $3.39.
A number of brokerages have recently issued reports on AUO. Drexel Hamilton restated a “hold” rating and issued a $2.50 price objective on shares of AU Optronics Corp. in a research note on Thursday, March 10th. Citigroup Inc. upgraded shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Thursday, April 7th. 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.38.
The stock’s market capitalization is $3.14 billion. The stock has a 50 day moving average price of $2.87 and a 200 day moving average price of $2.80.
AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.29. The firm earned $71.14 billion during the quarter, compared to analyst estimates of $2.23 billion. AU Optronics Corp.’s revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, 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 shares of AU Optronics Corp. (NYSE:AUO) by 1,387.1% during the fourth quarter, Holdings Channel reports. The fund 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 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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