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

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Monday . The stock had previously closed at $9.31, but opened at $7.87. AUO shares last traded at $7.87, with a volume of 1,072 shares trading hands.

AUO Trading Down 3.0%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.13. The stock has a market capitalization of $6.20 billion, a PE ratio of 33.54 and a beta of 0.46. The stock has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $4.97.

AUO (OTCMKTS:AUOTY) last posted 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 net margin of 2.06% and a return on equity of 3.58%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.11 billion. As a group, equities analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current 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.