AU Optronics (OTCMKTS:AUOTY) Stock Price Down 10.5% - Time to Sell?

Key Points

• AU Optronics' stock has dropped by 10.5%, trading as low as $4.44, significantly below its previous closing price of $4.96, with trading volume decreasing by 98% from the average.
• The company has a market cap of $3.54 billion and a negative price-to-earnings ratio of -17.69, indicating potential financial struggles.
• AU Optronics announced a dividend payment of $0.0837, reflecting a high dividend yield of 189.0%, but this comes amid concerns over its financial performance.

AU Optronics Corp (OTCMKTS:AUOTY - Get Free Report) shares traded down 10.5% during mid-day trading on Tuesday . The stock traded as low as $4.44 and last traded at $4.44. 1,037 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 61,500 shares. The stock had previously closed at $4.96.

AU Optronics Stock Down 2.7%

The stock's 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $4.98. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -17.77 and a beta of 0.45.

AU Optronics Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, August 7th will be given a $0.0837 dividend. This represents a dividend yield of 189.0%. The ex-dividend date is 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.