AUO (OTCMKTS:AUOTY) Trading 10.2% Higher – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) traded up 10.2% during mid-day trading on Monday . The company traded as high as $8.41 and last traded at $8.34. 4,613 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 65,671 shares. The stock had previously closed at $7.57.

AUO Trading Down 3.4%

The company has a market cap of $6.17 billion, a PE ratio of 36.44 and a beta of 0.43. The business’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $6.42.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 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 3.13%. The business 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.