NEW YORK (

TheStreet

) --

AU Optronics Corporation

(NYSE:

AUO

) hit a new 52-week low Friday as it is currently trading at $7.87, below its previous 52-week high of $12.10 with 1.2 million shares traded as of 10:06 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

AU Optronics has a market cap of $7.6 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 19.7% year to date as of the close of trading on Thursday.

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AU Optronics Corp. engages in the design, development, manufacture, assembly, and marketing of thin film transistor liquid crystal display (TFT-LCD) panels and other flat panel displays. The company has a P/E ratio of 33.3, above the average computer hardware industry P/E ratio of 33.2 and above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates AU Optronics as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full

AU Optronics Ratings Report

.

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