AUO (OTCMKTS:AUOTY) Shares Gap Up – Here’s What Happened

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Monday . The stock had previously closed at $6.82, but opened at $7.49. AUO shares last traded at $7.57, with a volume of 16,604 shares traded.

AUO Stock Up 0.6%

The firm has a 50-day simple moving average of $5.68 and a 200 day simple moving average of $4.80. The stock has a market capitalization of $5.58 billion, a P/E ratio of 30.21 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.13 and a quick ratio of 0.83.

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

AUO Company Profile

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.