AU Optronics Corp. (AUO) Sees Strong Trading Volume
Shares of AU Optronics Corp. (NYSE:AUO) saw unusually-strong trading volume on Wednesday . Approximately 1,328,604 shares were traded during trading, an increase of 19% from the previous session’s volume of 1,112,081 shares.The stock last traded at $3.88 and had previously closed at $3.90.
Several research analysts have issued reports on AUO shares. Citigroup Inc. upgraded shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a report on Thursday, April 7th. Zacks Investment Research cut shares of AU Optronics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Credit Suisse Group AG upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Finally, Bank of America Corp. upgraded shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. AU Optronics Corp. currently has a consensus rating of “Buy” and an average target price of $3.69.
The stock’s market capitalization is $3.75 billion. The company’s 50 day moving average is $3.13 and its 200-day moving average is $2.85.
AU Optronics Corp. (NYSE:AUO) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.29. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm earned $71.14 billion during the quarter, compared to analysts’ expectations of $2.23 billion. AU Optronics Corp.’s quarterly revenue was down 25.4% compared to the same quarter last year. On average, equities research analysts predict that AU Optronics Corp. will post ($0.04) EPS for the current year.
A hedge fund recently raised its stake in AU Optronics Corp. stock. Dimensional Fund Advisors LP increased its stake in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent Form 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 approximately 1.87% of AU Optronics Corp. worth $52,251,000 at the end of the most recent reporting period.
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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