AUO (OTCMKTS:AUOTY) Shares Up 7.2% – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price rose 7.2% during mid-day trading on Friday. The stock traded as high as $12.74 and last traded at $12.73. 70,591 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 68,522 shares. The stock had previously closed at $11.88.

AUO Price Performance

The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 57.87 and a beta of 0.42. The stock has a 50-day moving average of $8.71 and a 200 day moving average of $7.53.

AUO (OTCMKTS:AUOTY) last issued its 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. AUO had a net margin of 1.82% and a return on equity of 3.15%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion.

About AUO

AUO Corporation is a Taiwan-based technology company that develops and manufactures display solutions. Its product portfolio includes thin-film transistor liquid-crystal display (TFT-LCD) panels, AMOLED displays and other display technologies used in televisions, monitors, notebook computers, tablets, smartphones, automotive systems and industrial equipment.

In addition to producing display panels, AUO provides integrated display and smart-solution products for applications such as digital signage, transportation, healthcare, education, retail and enterprise environments.