AU Optronics Stock Hits New 52-Week Low (AUO)

NEW YORK ( TheStreet) -- AU Optronics Corporation (NYSE: AUO) hit a new 52-week low Friday as it is currently trading at $4.75, below its previous 52-week low of $5.02 with 4.1 million shares traded as of 3:25 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

AU Optronics has a market cap of $4.9 billion and is part of the technology sector and computer hardware industry. Shares are down 51.8% year to date as of the close of trading on Thursday.

AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays to original equipment manufacturing service providers. The company has a P/E ratio of 32.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AU Optronics as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full AU Optronics Ratings Report.

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