AU Optronics (OTCMKTS:AUOTY) Stock Price Down 0.6% - Here's What Happened

Key Points

• AU Optronics Corp shares decreased by 0.6%, closing at $4.57 after trading as low as $4.53 on Monday.
• The company has a market capitalization of $3.52 billion and a P/E ratio of -17.58, indicating it is currently operating at a loss.
• AU Optronics specializes in thin film transistor liquid crystal displays and also operates in the renewable energy sector, including solar products.

AU Optronics Corp (OTCMKTS:AUOTY - Get Free Report)'s stock price dropped 0.6% during mid-day trading on Monday . The stock traded as low as $4.53 and last traded at $4.57. Approximately 32,856 shares traded hands during trading, an increase of 5% from the average daily volume of 31,316 shares. The stock had previously closed at $4.60.

AU Optronics Stock Performance

The stock has a market cap of $3.43 billion, a PE ratio of -17.12 and a beta of 0.47. The business has a 50-day moving average of $5.12 and a 200 day moving average of $4.92.

AU Optronics Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, August 7th will be given a $0.0837 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a dividend yield of 189.0%. AU Optronics's dividend payout ratio (DPR) is currently -115.38%.

About AU Optronics

AUO Corporation researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays for various applications. It operates through two segments, Display and Energy. The company designs, manufactures, and sells ingots, solar wafers, and solar modules, as well as provides technical engineering and maintenance services for solar system projects.