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

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.76, but opened at $9.05. AUO shares last traded at $9.03, with a volume of 4,099 shares trading hands.

AUO Price Performance

The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 38.04 and a beta of 0.39. The business’s fifty day simple moving average is $7.47 and its 200 day simple moving average is $5.76.

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

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.