AUO (OTCMKTS:AUOTY) Shares Gap Down – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY – Get Free Report) shares gapped down before the market opened on Tuesday. The stock had previously closed at $11.41, but opened at $10.55. AUO shares last traded at $10.55, with a volume of 7,496 shares traded.

AUO Price Performance

The company’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $7.96. The stock has a market capitalization of $8.45 billion, a P/E ratio of 49.87 and a beta of 0.43.

AUO (OTCMKTS:AUOTY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. AUO had a net margin of 1.82% and a return on equity of 3.15%.

AUO Company Profile

(Get Free Report)

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.

Further Reading

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