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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.26, but opened at $9.10. AUO shares last traded at $9.30, with a volume of 493,962 shares traded.

AUO Stock Performance

The company’s 50-day simple moving average is $8.23 and its 200-day simple moving average is $6.87. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 41.80 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.47.

AUO (OTCMKTS:AUOTY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.15%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion.

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.