AU Optronics Corp (AUO) has risen sharply, recording gains of 1.53% in the past 4 weeks. However, the stock has corrected -1.73% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
AU Optronics Corp. is up 53.67% in the last 3-month period. Year-to-Date the stock performance stands at 36.77%. The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 11.6%.
AU Optronics Corp (NYSE:AUO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.01 and $3.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.98, notching a gain of 2.31% for the day. The total traded volume was 2,009,477 . The stock had closed at $3.89 on the previous day.
Also, Bank of America upgrades its view on AU Optronics Corp (NYSE:AUO) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 19, 2016.
Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays. In the Solar Business segment, the Company designs, develops and manufactures PV modules, as well as produce solar PV systems and provide various value-added services for solar PV systems projects.