AUO (OTCMKTS:AUOTY) Hits New 52-Week High – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $10.50 and last traded at $10.00, with a volume of 19015 shares trading hands. The stock had previously closed at $10.04.

AUO Stock Down 0.4%

The company has a market capitalization of $7.70 billion, a P/E ratio of 41.67 and a beta of 0.39. The company’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $5.87.

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

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.