AUO (OTCMKTS:AUOTY) Shares Down 8.3% – Here’s What Happened

AUO Corporation – Sponsored ADR (OTCMKTS:AUOTYGet Free Report)’s share price traded down 8.3% on Wednesday . The company traded as low as $9.41 and last traded at $9.41. 2,473 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 67,310 shares. The stock had previously closed at $10.26.

AUO Trading Down 8.8%

The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 39.00 and a beta of 0.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.83 and a current ratio of 1.13. The company has a 50-day moving average price of $7.12 and a 200-day moving average price of $5.55.

AUO (OTCMKTS:AUOTYGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). AUO had a net margin of 2.06% and a return on equity of 3.58%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.11 billion. As a group, research analysts forecast that AUO Corporation – Sponsored ADR will post 0.11 EPS for the current fiscal year.

AUO Company Profile

(Get Free Report)

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.

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