AUO (OTCMKTS:AUOTY) Sees Strong Trading Volume – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares saw unusually-high trading volume on Tuesday . 159,995 shares changed hands during mid-day trading, an increase of 142% from the previous session’s volume of 66,205 shares.The stock last traded at $7.18 and had previously closed at $7.17.

AUO Price Performance

The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 29.83 and a beta of 0.39. The business’s 50-day moving average price is $8.21 and its two-hundred day moving average price is $6.21.

AUO (OTCMKTS:AUOTY) last posted its quarterly earnings results 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 analyst estimates of $2.11 billion. Equities analysts predict 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.