AU Optronics (OTCMKTS:AUOTY) Shares Up 1.5% - Should You Buy?

Key Points

• AU Optronics shares rose by 1.5%, trading at $4.82, although trading volume saw a dramatic decrease of 90% from the average.
• The company's recent dividend of $0.0837 per share yields an impressive 189.0%, but the P/E ratio stands at -18.54.
• AU Optronics specializes in the production of TFT-LCDs and solar technologies, highlighting its focus on both display and energy markets.

Shares of AU Optronics Corp (OTCMKTS:AUOTY - ) shot up 1.5% during mid-day trading on Tuesday . The stock traded as high as $4.88 and last traded at $4.82. 21,327 shares traded hands during trading, a decline of 90% from the average session volume of 217,988 shares. The stock had previously closed at $4.75.

AU Optronics Price Performance

The firm has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $5.01. The firm has a market capitalization of $3.71 billion, a P/E ratio of -18.54 and a beta of 0.47.

AU Optronics Cuts Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.