Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) traded up 2.1% during trading on Thursday . The company traded as high as $11.20 and last traded at $11.00, with a volume of 92,571 shares traded. The stock had previously closed at $10.77.

A number of analysts have commented on the company. Cowen and Company reiterated a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $14.00 price objective (down previously from $21.00) on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. Finally, Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. Applied Optoelectronics presently has an average rating of “Hold” and a consensus price target of $20.80.

The company has a market capitalization of $189.55 million and a price-to-earnings ratio of 18.69. The stock has a 50-day moving average price of $10.31 and a 200 day moving average price of $13.72.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Monday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.08. The company earned $50.40 million during the quarter, compared to analyst estimates of $51.03 million. The business’s revenue was up 66.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. Equities analysts predict that Applied Optoelectronics Inc. will post $0.42 earnings per share for the current year.

In other Applied Optoelectronics news, Director Alan D. Moore purchased 105,000 shares of the stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $10.08 per share, with a total value of $1,058,400.00. Following the completion of the transaction, the director now directly owns 222,542 shares in the company, valued at $2,243,223.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Min-Chu (Mike) Chen purchased 10,000 shares of the stock in a transaction on Friday, May 27th. The shares were acquired at an average cost of $9.98 per share, for a total transaction of $99,800.00. Following the transaction, the director now owns 13,262 shares of the company’s stock, valued at $132,354.76. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Applied Optoelectronics stock. Russell Frank Co boosted its position in Applied Optoelectronics Inc. (NASDAQ:AAOI) by 187.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 387,812 shares of the company’s stock after buying an additional 253,115 shares during the period. Russell Frank Co owned about 2.30% of Applied Optoelectronics worth $6,903,000 as of its most recent SEC filing.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: Internet data center, cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration, from components, subassemblies and modules to turn-key equipment.

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