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

Key Points

• AU Optronics shares gapped down from a previous close of $4.61 to open at $4.28, later trading at $4.96 with a volume of 3,066 shares.
• The company reported a significant dividend cut, with a yield of 189.0% on a recent payment of $0.0837 per share.
• AU Optronics has a market cap of $3.77 billion and operates in the production of TFT-LCDs and solar energy products.

AU Optronics Corp (OTCMKTS:AUOTY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.61, but opened at $4.28. AU Optronics shares last traded at $4.96, with a volume of 3,066 shares changing hands.

AU Optronics Price Performance

The company has a 50-day moving average price of $4.57 and a 200-day moving average price of $4.99. The firm has a market capitalization of $3.55 billion, a PE ratio of -17.73 and a beta of 0.45.

AU Optronics Cuts Dividend

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

AU Optronics Company Profile

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.