AUO (OTCMKTS:AUOTY) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY – Get Free Report) shares saw unusually-high trading volume on Wednesday . 486,183 shares traded hands during mid-day trading, an increase of 677% from the previous session’s volume of 62,585 shares.The stock last traded at $7.94 and had previously closed at $8.03.

AUO Stock Performance

The company’s 50 day moving average price is $8.39 and its 200-day moving average price is $6.67. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 36.09 and a beta of 0.43.

AUO (OTCMKTS:AUOTY – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. AUO had a net margin of 1.82% and a return on equity of 3.13%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion.

About AUO

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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.

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