AUO (OTCMKTS:AUOTY) Trading 19.9% Higher – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) shares traded up 19.9% during mid-day trading on Thursday . The stock traded as high as $8.88 and last traded at $8.80. 23,295 shares traded hands during trading, a decline of 66% from the average session volume of 68,525 shares. The stock had previously closed at $7.34.

AUO Price Performance

The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 36.92 and a beta of 0.46. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $6.51 and its 200-day moving average price is $5.20.

AUO (OTCMKTS:AUOTY) last issued 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). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. AUO had a return on equity of 3.58% and a net margin of 2.06%. On average, equities research analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 EPS 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.