AUO (OTCMKTS:AUOTY) Sees Unusually-High Trading Volume – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) saw strong trading volume on Tuesday . Approximately 180,068 shares traded hands during mid-day trading, an increase of 182% from the previous session’s volume of 63,920 shares.The stock last traded at $8.31 and had previously closed at $8.04.

AUO Trading Down 2.1%

The firm has a market capitalization of $6.39 billion, a PE ratio of 37.73 and a beta of 0.43. The firm has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $6.51.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. AUO had a return on equity of 3.13% and a net margin of 1.82%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion.

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.