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

Key Points

• AUO Corporation shares gapped down from $4.70 to $4.52 before trading on Wednesday, reflecting a potential concern among investors.
• The company recently declared a dividend of $0.0837 per share, yielding 189.0%, which was paid on September 8th.
• AUO has a market cap of $3.50 billion, a P/E ratio of -17.46, and operates in the display and energy sectors.

AUO Corporation - Sponsored ADR (OTCMKTS:AUOTY - ) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.70, but opened at $4.52. AUO shares last traded at $4.52, with a volume of 1,758 shares.

AUO Stock Up 0.4%

The company has a market cap of $3.50 billion, a P/E ratio of -17.46 and a beta of 0.47. The company has a fifty day moving average of $4.64 and a 200 day moving average of $5.01.

AUO 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 dividend of $0.0837 per share. This represents a yield of 189.0%. The ex-dividend date of this dividend was Wednesday, August 6th.

About AUO

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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