AUO (OTCMKTS:AUOTY) Shares Gap Up – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $7.93, but opened at $8.39. AUO shares last traded at $8.35, with a volume of 1,183 shares changing hands.

AUO Trading Up 3.9%

The company’s 50 day moving average is $8.35 and its 200-day moving average is $6.74. The stock has a market cap of $6.41 billion, a PE ratio of 37.87 and a beta of 0.43.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.13%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion.

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.