AU Optronics Corp. (AUO) Sees Strong Trading Volume
Shares of AU Optronics Corp. (NYSE:AUO) saw an uptick in trading volume on Tuesday . 1,332,808 shares were traded during trading, an increase of 94% from the previous session’s volume of 688,327 shares.The stock last traded at $3.41 and had previously closed at $3.46.
AUO has been the topic of a number of recent analyst reports. Citigroup Inc. raised shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Zacks Investment Research raised shares of AU Optronics Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.38.
The firm’s market cap is $3.28 billion. The stock has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.81.
AU Optronics Corp. (NYSE:AUO) last announced its earnings results on Thursday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.29. The business had revenue of $71.14 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business earned $0.54 EPS. The company’s quarterly revenue was down 25.4% on a year-over-year basis. On average, analysts expect that AU Optronics Corp. will post ($0.05) EPS for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP raised its position in shares of AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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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