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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.28, but opened at $8.7056. AUO shares last traded at $8.58, with a volume of 1,083 shares trading hands.

AUO Trading Down 5.4%

The firm has a market capitalization of $6.70 billion, a PE ratio of 36.25 and a beta of 0.46. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $5.43.

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