AUO (OTCMKTS:AUOTY) Shares Up 9.6% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price was up 9.6% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.18. Approximately 7,823 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 74,728 shares. The stock had previously closed at $5.64.

AUO Price Performance

The company has a market cap of $4.77 billion, a price-to-earnings ratio of 14.74 and a beta of 0.43. 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 business has a 50-day moving average price of $4.93 and a 200 day moving average price of $4.42.

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.