AU Optronics Corporation ( AUO) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.3%. By the end of trading, AU Optronics Corporation rose 22 cents (4.6%) to $5.04 on average volume. Throughout the day, three million shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in a price between $4.95-$5.08 after having opened the day at $4.97 as compared to the previous trading day's close of $4.82. Other companies within the Computer Hardware industry that increased today were: iGo Inc ( IGOI), up 13.5%, OCZ Technology Group Inc ( OCZ), up 7.3%, Concurrent Computer Corporation ( CCUR), up 7.1%, and Video Display Corporation ( VIDE), up 5.9%. 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. AU Optronics Corporation has a market cap of $3.99 billion and is part of the technology sector. The company has a P/E ratio of 26.6, above the S&P 500 P/E ratio of 17.7. Shares are down 53.7% year to date as of the close of trading on Wednesday. TheStreet Ratings rates AU Optronics as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.
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