AUO (OTCMKTS:AUOTY) Shares Up 3.6% – Still a Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) traded up 3.6% during trading on Tuesday . The stock traded as high as $8.31 and last traded at $8.31. Approximately 226 shares were traded during trading, a decline of 100% from the average session volume of 64,983 shares. The stock had previously closed at $8.02.

AUO Stock Performance

The firm has a market cap of $6.43 billion, a P/E ratio of 37.96 and a beta of 0.43. The company has a 50 day moving average of $8.32 and a 200 day moving average of $6.76.

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

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.