AUO (OTCMKTS:AUOTY) Shares Gap Down – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.26, but opened at $9.33. AUO shares last traded at $9.33, with a volume of 201 shares traded.

AUO Stock Down 0.3%

The stock has a market cap of $7.16 billion, a PE ratio of 38.75 and a beta of 0.39. The business’s 50-day simple moving average is $7.19 and its 200-day simple moving average is $5.59.

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