AUO (OTCMKTS:AUOTY) Shares Gap Up – Still a Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Monday . The stock had previously closed at $4.76, but opened at $5.15. AUO shares last traded at $5.20, with a volume of 13,395 shares trading hands.

AUO Stock Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.13 and a quick ratio of 0.83. The firm has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $4.51. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 21.67 and a beta of 0.28.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). AUO had a net margin of 2.06% and a return on equity of 3.58%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. On average, sell-side analysts expect that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current fiscal year.

About AUO

AU Optronics Corp. (OTCMKTS:AUOTY) is a Taiwanese manufacturer specializing in thin‐film‐transistor liquid crystal display (TFT‐LCD) panels. Headquartered in Hsinchu, Taiwan, the company designs, develops and produces high‐resolution display solutions for a variety of end markets, including televisions, desktop monitors, notebook computers, mobile devices and tablets. In addition to consumer electronics, AU Optronics supplies specialty and industrial displays for applications such as automotive instrument clusters, medical imaging and retail signage.

Founded in 1996, AU Optronics has grown into one of the world’s leading TFT‐LCD producers by expanding its fabrication facilities across Taiwan and mainland China.