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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.60, but opened at $11.10. AUO shares last traded at $10.54, with a volume of 3,756 shares trading hands.

AUO Stock Performance

The company has a market cap of $8.31 billion, a P/E ratio of 49.05 and a beta of 0.47. The stock has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $7.23. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. AUO had a return on equity of 3.15% and a net margin of 1.82%.

About AUO

AUO Corporation is a Taiwan-based technology company that develops and manufactures display products and related solutions. Its portfolio includes thin-film transistor liquid-crystal displays (TFT-LCD), active-matrix organic light-emitting diode (AMOLED) panels, and emerging technologies such as mini LED and micro LED displays.

The company supplies display components and integrated solutions for a variety of applications, including televisions, monitors, notebook computers, tablets, smartphones, automotive systems, industrial equipment, medical devices, and other commercial products.