Applied Optoelectronics Inc. (NASDAQ:AAOI)’s share price fell 3.2% during trading on Monday . The stock traded as low as $14.25 and last traded at $14.31, with a volume of 192,578 shares changing hands. The stock had previously closed at $14.79.

Several brokerages have commented on AAOI. 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 report on Tuesday, May 10th. Roth Capital reissued a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, August 2nd. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Cowen and Company reissued a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $19.75.

The stock has a market cap of $244.22 million and a price-to-earnings ratio of 52.73. The firm’s 50 day moving average price is $11.40 and its 200 day moving average price is $13.15.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The firm earned $55.30 million during the quarter, compared to analyst estimates of $50.84 million. During the same period in the prior year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Applied Optoelectronics Inc. will post $0.58 earnings per share for the current fiscal year.

In other news, Director Min-Chu (Mike) Chen acquired 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 transaction, the director now directly owns 13,262 shares in the company, valued at approximately $132,354.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alan D. Moore acquired 105,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $10.08 per share, with a total value of $1,058,400.00. Following the transaction, the director now owns 222,542 shares of the company’s stock, valued at $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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