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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.84, but opened at $9.40. AUO shares last traded at $9.47, with a volume of 2,019 shares traded.

AUO Stock Up 6.0%

The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 42.75 and a beta of 0.46. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $7.12 and a two-hundred day moving average price of $5.55.

AUO (OTCMKTS:AUOTY) last posted its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. On average, equities analysts expect that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current fiscal year.

About AUO

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.