AU Optronics (OTCMKTS:AUOTY) Shares Down 4.3% - What's Next?

Key Points

• AU Optronics shares dropped by 4.3% during trading, closing at $4.40, which is significantly below its 50-day moving average price of $4.69.
• The company recently announced a dividend payout of $0.0837 with a staggering dividend yield of 189.0%, despite having a negative payout ratio of -115.38%.
• AU Optronics has a market cap of $3.39 billion and operates in the display and energy sectors, producing both flat panel displays and solar technology.

Shares of AU Optronics Corp (OTCMKTS:AUOTY - Get Free Report) fell 4.3% during trading on Monday . The company traded as low as $4.40 and last traded at $4.40. 37,681 shares were traded during mid-day trading, a decline of 58% from the average session volume of 90,139 shares. The stock had previously closed at $4.60.

AU Optronics Stock Performance

The business's 50 day moving average is $4.65 and its 200 day moving average is $4.97. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -19.08 and a beta of 0.45.

AU Optronics Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.0837 per share. This represents a 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.