Applied Optoelectronics Inc. (NASDAQ:AAOI) shares fell 3.9% on Thursday . The stock traded as low as $12.24 and last traded at $12.24, with a volume of 148,894 shares. The stock had previously closed at $12.74.

Several brokerages recently weighed in on AAOI. Cowen and Company reaffirmed a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. Zacks Investment Research lowered Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 21st. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $14.00 target price (down from $21.00) on shares of Applied Optoelectronics in a research report 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 assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.75.

The firm has a 50-day moving average of $11.02 and a 200 day moving average of $13.20. The stock has a market cap of $202.19 million and a price-to-earnings ratio of 19.93.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.08. The business had revenue of $50.40 million for the quarter, compared to analysts’ expectations of $51.03 million. The business’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, equities research analysts predict that Applied Optoelectronics Inc. will post $0.42 earnings per share for the current fiscal year.

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

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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