AU Optronics Hits New 52-Week Low at $3.22 (AUO)
Shares of AU Optronics (NYSE:AUO) hit a new 52-week low during trading on Monday, StockRatingsNetwork.com reports. The stock traded as low as $3.22 and last traded at $3.22, with a volume of 1,682,753 shares trading hands. The stock had previously closed at $3.41.
A number of analysts have recently weighed in on AUO shares. Analysts at Cantor Fitzgerald initiated coverage on shares of AU Optronics in a research note to investors on Thursday, September 19th. They set a “hold” rating on the stock. Analysts at Citigroup Inc. downgraded shares of AU Optronics from a “buy” rating to a “sell” rating in a research note to investors on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.
AU Optronics has a 52 week low of $3.21 and a 52 week high of $4.98. The stock has a 50-day moving average of $3.69 and a 200-day moving average of $3.92. The company’s market cap is $2.929 billion.
AU Optronics (NYSE:AUO) last released its earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.11. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted ($1.39) earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that AU Optronics will post $0.06 earnings per share for the current fiscal year.
AU Optronics Corp. is principally engaged in the research, development, design, manufacture and distribution of flat panel displays.
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