AUO (OTCMKTS:AUOTY) Sees Large Volume Increase – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) saw strong trading volume on Tuesday . Approximately 159,995 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 66,205 shares.The stock last traded at $7.18 and had previously closed at $7.17.

AUO Stock Down 0.1%

The company has a market cap of $5.51 billion, a PE ratio of 29.83 and a beta of 0.39. The business’s 50 day moving average price is $8.21 and its 200-day moving average price is $6.21.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. Equities analysts expect that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current 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.