AU Optronics (OTCMKTS:AUOTY) Shares Gap Down - What's Next?

Key Points

• AU Optronics shares gapped down from a previous closing price of $4.84 to an opening price of $4.34, with the last traded price at $4.73.
• The company has announced a dividend of $0.0837, resulting in a significant dividend yield of 189.0%.
• AU Optronics has a market cap of $3.73 billion and operates in two segments: Display and Energy, focusing on LCD technologies and solar products.

AU Optronics Corp (OTCMKTS:AUOTY - ) gapped down prior to trading on Friday . The stock had previously closed at $4.84, but opened at $4.34. AU Optronics shares last traded at $4.73, with a volume of 3,668 shares changing hands.

AU Optronics Price Performance

The company has a market cap of $3.73 billion, a P/E ratio of -18.65 and a beta of 0.45. The company has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $5.00.

AU Optronics Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 7th were issued 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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