AUO (OTCMKTS:AUOTY) Shares Gap Up – Time to Buy?

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up prior to trading on Friday . The stock had previously closed at $9.1773, but opened at $10.16. AUO shares last traded at $10.50, with a volume of 1,513 shares trading hands.

AUO Stock Performance

The stock has a 50 day moving average price of $7.64 and a two-hundred day moving average price of $5.84. The company has a market capitalization of $8.00 billion, a PE ratio of 43.29 and a beta of 0.39.

AUO (OTCMKTS:AUOTY) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) 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 during the quarter, compared to the consensus estimate of $2.11 billion. Sell-side 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.