AUO (OTCMKTS:AUOTY) Shares Gap Down – Time to Sell?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down prior to trading on Friday. The stock had previously closed at $11.48, but opened at $10.0250. AUO shares last traded at $10.6550, with a volume of 4,309 shares changing hands.

AUO Stock Performance

The company’s fifty day moving average is $9.83 and its two-hundred day moving average is $8.23. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 48.09 and a beta of 0.43.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.15%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion.

About AUO

AUO Corporation, also known as AUO, is a Taiwan-based technology company that designs and manufactures display products and related solutions. Its portfolio includes large-format and small-to-medium thin-film transistor liquid crystal displays (TFT-LCDs), active-matrix organic light-emitting diode (AMOLED) displays, and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, vehicles, and industrial equipment.

The company also provides display applications and integrated solutions for areas such as smart mobility, healthcare, retail, education, entertainment, and commercial environments.