AUO (OTCMKTS:AUOTY) Stock Jumps 7.2% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares were up 7.2% on Friday. The stock traded as high as $12.74 and last traded at $12.73. 70,591 shares were traded during trading, an increase of 3% from the average session volume of 68,522 shares. The stock had previously closed at $11.88.

AUO Price Performance

The business has a 50-day moving average of $8.71 and a 200-day moving average of $7.53. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 57.87 and a beta of 0.42.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share 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 the consensus estimate of $2.21 billion. AUO had a return on equity of 3.15% and a net margin of 1.82%.

AUO Company Profile

AUO Corporation is a Taiwan-based technology company that develops and manufactures display solutions. Its product portfolio includes thin-film transistor liquid-crystal display (TFT-LCD) panels, AMOLED displays and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, automotive systems and industrial equipment.

In addition to producing display panels, AUO provides integrated display and smart-solution products for applications such as digital signage, transportation, healthcare, education, retail and enterprise environments.