AU Optronics Corp. (AUO) Sees Unusually-High Trading Volume
AU Optronics Corp. (NYSE:AUO) saw unusually-strong trading volume on Friday . Approximately 1,459,486 shares changed hands during mid-day 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 equities research analysts have recently commented on AUO shares. Zacks Investment Research raised 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. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Jefferies Group downgraded AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG raised 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 issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $3.38.
The firm’s 50-day moving average price is $3.88 and its 200 day moving average price is $3.07. The stock’s market cap is $3.80 billion.
AU Optronics Corp. (NYSE:AUO) last released its earnings results on Wednesday, July 27th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. During the same quarter last year, the company earned $0.47 earnings per share. The firm earned $80.09 billion during the quarter, compared to analyst estimates of $77.62 billion. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts forecast that AU Optronics Corp. will post $0.09 EPS for the current fiscal year.
An institutional investor recently raised its position in AU Optronics Corp. stock. Dimensional Fund Advisors LP boosted its position in AU Optronics Corp. (NYSE:AUO) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 1.87% of AU Optronics Corp. worth $52,251,000 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.
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