AUO (OTCMKTS:AUOTY) Shares Gap Up – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.79, but opened at $5.04. AUO shares last traded at $4.92, with a volume of 8,421 shares.

AUO Price Performance

The business has a 50 day moving average of $3.84 and a two-hundred day moving average of $4.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 1.19.

AUO (OTCMKTS:AUOTY) last announced its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. AUO had a net margin of 3.17% and a return on equity of 5.77%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion. As a group, equities analysts forecast that AUO Corporation – Sponsored ADR will post -0.26 EPS for the current fiscal 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.