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

AAOI has been the subject of several analyst reports. Cowen and Company reissued a “buy” rating on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 21st. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $14.00 price objective (down previously from $21.00) on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $19.75.

The company has a 50-day moving average price of $10.67 and a 200 day moving average price of $13.47. The company has a market cap of $200.83 million and a price-to-earnings ratio of 19.80.

Applied Optoelectronics (NASDAQ:AAOI) last released its earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.08. The firm had revenue of $50.40 million for the quarter, compared to analyst estimates of $51.03 million. The firm’s quarterly revenue was up 66.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that Applied Optoelectronics Inc. will post $0.42 EPS for the current year.

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

An institutional investor recently raised its position in Applied Optoelectronics stock. Russell Frank Co raised its stake in shares of 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 approximately 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.

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