AU Optronics Reaches New 12-Month High at $4.05 (AUO)
Shares of AU Optronics (NYSE:AUO) reached a new 52-week high during mid-day trading on Thursday , AR Network reports. The stock traded as high as $4.05 and last traded at $4.04, with a volume of 371,296 shares. The stock had previously closed at $3.81.
Separately, analysts at Zacks upgraded shares of AU Optronics from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $4.10 price target on the stock.
The stock has a 50-day moving average of $3.79 and a 200-day moving average of $3.41. The company has a market cap of $3.879 billion and a price-to-earnings ratio of 15.24.
AU Optronics (NYSE:AUO) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.22) by $0.25. The company had revenue of $93.80 billion for the quarter, compared to the consensus estimate of $90.78 billion. During the same quarter last year, the company posted ($0.36) earnings per share. AU Optronics’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that AU Optronics will post $0.26 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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