AUO (OTCMKTS:AUOTY) Shares Gap Up – Still a Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares gapped up before the market opened on Friday . The stock had previously closed at $4.79, but opened at $5.04. AUO shares last traded at $4.92, with a volume of 8,421 shares.

AUO Price Performance

The stock’s 50-day moving average price is $3.82 and its 200 day moving average price is $4.32. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.33 and a beta of 0.45.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. AUO had a net margin of 3.17% and a return on equity of 5.77%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Equities research analysts expect that AUO Corporation – Sponsored ADR will post -0.26 earnings per share for the current fiscal year.

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.