Applied Optoelectronics Inc. (NASDAQ:AAOI)’s share price traded down 2.9% during trading on Monday . The company traded as low as $10.89 and last traded at $10.97, with a volume of 261,203 shares. The stock had previously closed at $11.30.

AAOI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Tuesday. Cowen and Company restated a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 price objective (down from $21.00) on shares of Applied Optoelectronics in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $20.80.

The company’s 50 day moving average price is $10.54 and its 200-day moving average price is $13.54. The stock has a market capitalization of $197.07 million and a P/E ratio of 19.43.

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

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

A hedge fund recently raised its stake in Applied Optoelectronics stock. Russell Frank Co raised its position in Applied Optoelectronics Inc. (NASDAQ:AAOI) by 187.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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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