AUO (OTCMKTS:AUOTY) Sees Large Volume Increase – Still a Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) saw an uptick in trading volume on Tuesday . 180,068 shares were traded during mid-day trading, an increase of 182% from the previous session’s volume of 63,920 shares.The stock last traded at $8.31 and had previously closed at $8.04.

AUO Stock Performance

The stock has a market capitalization of $6.39 billion, a P/E ratio of 37.73 and a beta of 0.43. The firm has a fifty day moving average price of $8.31 and a two-hundred day moving average price of $6.51.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. AUO had a return on equity of 3.13% and a net margin of 1.82%.The company had revenue of $2.18 billion during 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.