AU Optronics Corp (AUO) has risen sharply, recording gains of 14.41% in the past 4 weeks. However, the stock has corrected -6.47% 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 13.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 17.29%. AU Optronics Corp (NYSE:AUO): On Fridays trading session , Opening price of the stock was $4.07 with an intraday high of $4.09. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.04. However, the stock managed to close at $4.05, a loss of 1.22% for the day. On the previous day, the stock had closed at $4.1. The total traded volume of the day was 731,276 shares.
The company Insiders own 16% of AU Optronics Corp shares according to the proxy statements. Institutional Investors own 7.32% of AU Optronics Corp shares. Also, Brokerage firm Bank of America upgrades its rating on AU Optronics Corp (NYSE:AUO). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. 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.