AUO (OTCMKTS:AUOTY) Shares Gap Down – Time to Sell?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped down before the market opened on Wednesday . The stock had previously closed at $6.10, but opened at $5.8880. AUO shares last traded at $5.88, with a volume of 1,439 shares trading hands.

AUO Stock Down 1.5%

The stock has a market capitalization of $4.59 billion, a P/E ratio of 24.86 and a beta of 0.28. The firm’s fifty day moving average is $5.39 and its 200-day moving average is $4.63. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 0.56.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). AUO had a net margin of 2.06% and a return on equity of 3.58%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.11 billion. As a group, equities research analysts predict that AUO Corporation – Sponsored ADR will post 0.11 earnings per share for the current year.

AUO Company Profile

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.