AU Optronics (OTCMKTS:AUOTY) Shares Gap Down - Should You Sell?

Key Points

• AU Optronics shares opened at $4.65, down from a previous close of $4.99, reflecting a 5.6% decline prior to trading on Thursday.
• The company has a market capitalization of $3.63 billion and a price-to-earnings ratio of -18.12, suggesting potential concerns about profitability.
• AU Optronics recently declared a dividend of $0.0837, resulting in a striking dividend yield of 189.0% despite cutting dividends recently.

AU Optronics Corp (OTCMKTS:AUOTY - ) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.99, but opened at $4.65. AU Optronics shares last traded at $4.65, with a volume of 1,614 shares changing hands.

AU Optronics Trading Down 5.6%

The company has a market cap of $3.63 billion, a price-to-earnings ratio of -18.12 and a beta of 0.45. The business has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $4.98.

AU Optronics Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 7th were paid a $0.0837 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a dividend yield of 189.0%.

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.

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