AUO (OTCMKTS:AUOTY) Trading Up 20.2% – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price shot up 20.2% during mid-day trading on Wednesday . The company traded as high as $9.08 and last traded at $9.08. 2,452 shares were traded during mid-day trading, a decline of 97% from the average session volume of 72,660 shares. The stock had previously closed at $7.5545.

AUO Price Performance

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 stock’s 50-day moving average is $5.73 and its two-hundred day moving average is $4.83. The stock has a market cap of $6.91 billion, a PE ratio of 37.42 and a beta of 0.46.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.11 billion. On average, equities analysts predict that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current 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.