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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $6.10, but opened at $5.8880. AUO shares last traded at $5.88, with a volume of 1,439 shares trading hands.

AUO Trading Up 11.4%

The business has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $4.66. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 29.38 and a beta of 0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.13.

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