AUO (OTCMKTS:AUOTY) Shares Gap Up – Here’s What Happened

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 changing hands.

AUO Price Performance

The firm has a market cap of $7.08 billion, a P/E ratio of 41.80 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $8.23 and a two-hundred day moving average of $6.87.

AUO (OTCMKTS:AUOTY) last posted its earnings results on Thursday, July 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate 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.