AUO (OTCMKTS:AUOTY) Shares Gap Up – Should You Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares gapped up before the market opened on Monday . The stock had previously closed at $7.93, but opened at $8.39. AUO shares last traded at $8.35, with a volume of 1,183 shares traded.

AUO Stock Performance

The stock has a market capitalization of $6.34 billion, a PE ratio of 37.41 and a beta of 0.47. The stock’s 50 day moving average is $8.31 and its two-hundred day moving average is $6.78.

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

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.