AUO (OTCMKTS:AUOTY) Sees Strong Trading Volume – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) saw strong trading volume on Wednesday . 88,594 shares traded hands during mid-day trading, an increase of 38% from the previous session’s volume of 64,066 shares.The stock last traded at $7.85 and had previously closed at $7.88.

AUO Price Performance

The business’s 50 day moving average is $8.10 and its two-hundred day moving average is $6.12. The firm has a market capitalization of $6.04 billion, a PE ratio of 32.71 and a beta of 0.39.

AUO (OTCMKTS:AUOTY) last released 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). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. Analysts expect that AUO Corporation – Sponsored ADR will post 0.11 EPS 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.