AUO (OTCMKTS:AUOTY) Stock Price Up 20.2% – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shot up 20.2% during trading on Wednesday . The company traded as high as $9.08 and last traded at $9.08. 2,452 shares traded hands during trading, a decline of 97% from the average session volume of 72,660 shares. The stock had previously closed at $7.5545.

AUO Stock Performance

The firm has a fifty day simple moving average of $5.98 and a 200 day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.13 and a quick ratio of 0.83. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 38.79 and a beta of 0.46.

AUO (OTCMKTS:AUOTY) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). AUO had a return on equity of 3.58% and a net margin of 2.06%.The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.11 billion. On average, sell-side analysts expect that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current fiscal 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.