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

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.26, but opened at $9.10. AUO shares last traded at $9.30, with a volume of 493,962 shares traded.

AUO Trading Up 2.7%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 1.12. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 43.87 and a beta of 0.47. The business has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $6.94.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings results 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 3.15% and a net margin of 1.82%.The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion.

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.