AUO (OTCMKTS:AUOTY) Hits New 52-Week High – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $10.50 and last traded at $10.00, with a volume of 19015 shares changing hands. The stock had previously closed at $10.04.

AUO Price Performance

The firm has a market cap of $7.70 billion, a PE ratio of 41.67 and a beta of 0.39. The business has a fifty day moving average price of $7.73 and a two-hundred day moving average price of $5.87.

AUO (OTCMKTS:AUOTY) last announced 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 return on equity of 3.58% and a net margin of 2.06%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.11 billion. As a group, sell-side analysts forecast 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.