AUO (OTCMKTS:AUOTY) Trading 5.6% Higher – Should You Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) were up 5.6% during mid-day trading on Wednesday . The stock traded as high as $9.19 and last traded at $9.19. 1,385 shares were traded during trading, a decline of 98% from the average daily volume of 69,131 shares. The stock had previously closed at $8.70.

AUO Stock Up 5.2%

The firm’s 50-day moving average price is $8.22 and its 200 day moving average price is $7.06. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. The firm has a market cap of $7.05 billion, a P/E ratio of 41.62 and a beta of 0.47.

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

AUO Company Profile

AUO Corporation is a Taiwan-based technology company that develops and manufactures display products and related solutions. Its portfolio includes thin-film transistor liquid-crystal displays (TFT-LCD), active-matrix organic light-emitting diode (AMOLED) panels, and emerging technologies such as mini LED and micro LED displays.

The company supplies display components and integrated solutions for a variety of applications, including televisions, monitors, notebook computers, tablets, smartphones, automotive systems, industrial equipment, medical devices, and other commercial products.