AU Optronics Sets New 1-Year Low at $2.78 (AUO)
AU Optronics (NYSE:AUO) set a new 52-week low on Tuesday, Analyst Ratings Net reports. The company traded as low as $2.78 and last traded at $2.78, with a volume of 547,426 shares. The stock had previously closed at $2.84.
A number of research firms have recently commented on AUO. Analysts at Zacks upgraded shares of AU Optronics from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $3.20 price target on the stock. Analysts at Credit Agricole downgraded shares of AU Optronics from a “buy” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.20.
AU Optronics has a one year low of $2.80 and a one year high of $4.98. The stock has a 50-day moving average of $3.03 and a 200-day moving average of $3.34. The company’s market cap is $2.695 billion.
AU Optronics (NYSE:AUO) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.15. The company had revenue of $102.70 billion for the quarter, compared to the consensus estimate of $99.47 billion. During the same quarter last year, the company posted ($1.41) earnings per share. AU Optronics’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that AU Optronics will post $0.16 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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