AUO (OTCMKTS:AUOTY) Shares Up 3.6% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares rose 3.6% during trading on Thursday . The stock traded as high as $9.74 and last traded at $9.74. 9,762 shares traded hands during trading, a decline of 86% from the average session volume of 69,874 shares. The stock had previously closed at $9.40.

AUO Stock Performance

The stock has a market capitalization of $7.54 billion, a PE ratio of 44.50 and a beta of 0.47. The business’s fifty day moving average is $8.21 and its two-hundred day moving average is $6.94. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

AUO (OTCMKTS:AUOTY) last announced its earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.15%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations 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.