AUO (OTCMKTS:AUOTY) Stock Price Down 7.4% – Here’s Why

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) dropped 7.4% during trading on Monday . The company traded as low as $8.9350 and last traded at $8.9350. 958 shares changed hands during trading, a decline of 99% from the average daily volume of 69,581 shares. The stock had previously closed at $9.65.

AUO Stock Down 6.9%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.83. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 40.82 and a beta of 0.47. The firm’s 50-day moving average is $8.24 and its 200 day moving average is $7.00.

AUO (OTCMKTS:AUOTY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates 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.