Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) were up 2.7% during mid-day trading on Monday . The stock traded as high as $12.21 and last traded at $12.16, with a volume of 257,307 shares changing hands. The stock had previously closed at $11.84.

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

The company has a market cap of $206.63 million and a price-to-earnings ratio of 20.37. The stock’s 50 day moving average price is $11.07 and its 200-day moving average price is $13.16.

Applied Optoelectronics (NASDAQ:AAOI) last issued 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 had revenue of $50.40 million for the quarter, compared to the consensus estimate of $51.03 million. During the same quarter last year, the company posted $0.02 earnings per share. The firm’s revenue was up 66.9% compared to the same quarter last year. On average, analysts expect that Applied Optoelectronics Inc. will post $0.42 EPS for the current year.

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

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.