AUO (OTCMKTS:AUOTY) Sees Strong Trading Volume – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) saw unusually-high trading volume on Friday . Approximately 108,437 shares traded hands during trading, an increase of 56% from the previous session’s volume of 69,606 shares.The stock last traded at $9.60 and had previously closed at $9.55.

AUO Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 1.12. The business has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $6.97. The firm has a market cap of $7.38 billion, a P/E ratio of 43.59 and a beta of 0.47.

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

AUO Company Profile

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.