Applied Optoelectronics Inc. (NASDAQ:AAOI) was up 1.6% during mid-day trading on Friday . The company traded as high as $11.79 and last traded at $11.74, with a volume of 72,381 shares changing hands. The stock had previously closed at $11.56.

A number of equities research analysts have recently issued reports on AAOI shares. Zacks Investment Research upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 target price (down previously from $21.00) on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. Finally, Cowen and Company restated a “buy” rating on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.75.

The firm has a market capitalization of $200.83 million and a price-to-earnings ratio of 19.80. The firm’s 50 day moving average price is $10.62 and its 200 day moving average price is $13.51.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The firm had revenue of $50.40 million for the quarter, compared to the consensus estimate of $51.03 million. The firm’s revenue was up 66.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. On average, analysts expect that Applied Optoelectronics Inc. will post $0.42 earnings per share for the current year.

In other news, Director Alan D. Moore bought 105,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of $10.08 per share, for a total transaction of $1,058,400.00. Following the purchase, the director now owns 222,542 shares of the company’s stock, valued at approximately $2,243,223.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Min-Chu (Mike) Chen bought 10,000 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was purchased at an average price of $9.98 per share, for a total transaction of $99,800.00. Following the completion of the purchase, the director now directly owns 13,262 shares in the company, valued at approximately $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 shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) by 187.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 2.30% of Applied Optoelectronics worth $6,903,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.