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

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Monday . The stock had previously closed at $9.31, but opened at $7.87. AUO shares last traded at $7.87, with a volume of 1,072 shares trading hands.

AUO Trading Down 3.0%

The stock has a fifty day moving average of $6.06 and a 200 day moving average of $4.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.13. The company has a market capitalization of $6.20 billion, a PE ratio of 33.54 and a beta of 0.46.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). AUO had a return on equity of 3.58% and a net margin of 2.06%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. As a group, sell-side analysts predict that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current fiscal 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.