AUO (OTCMKTS:AUOTY) Shares Gap Up – Time to Buy?

Shares of AUO Corporation – Sponsored ADR (OTCMKTS:AUOTY) gapped up before the market opened on Friday . The stock had previously closed at $3.48, but opened at $3.65. AUO shares last traded at $3.65, with a volume of 270 shares traded.

AUO Stock Up 1.7%

The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 11.80 and a beta of 0.49. The business’s 50 day moving average is $3.85 and its 200-day moving average is $4.46. 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.30 billion. AUO had a net margin of 3.17% and a return on equity of 5.77%. On average, sell-side analysts predict that AUO Corporation – Sponsored ADR will post -0.26 EPS for the current fiscal year.

About AUO

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.