Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) were up 3.3% during mid-day trading on Friday . The company traded as high as $14.02 and last traded at $14.00, with a volume of 395,216 shares changing hands. The stock had previously closed at $13.55.

A number of analysts recently issued reports on AAOI shares. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 21st. Piper Jaffray Cos. reiterated a “buy” rating and set a $14.00 price target (down previously from $21.00) on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Roth Capital reiterated a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, August 2nd. Finally, Cowen and Company reiterated a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.75.

The firm has a market capitalization of $240.13 million and a price-to-earnings ratio of 51.70. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $13.18.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10. The company had revenue of $55.30 million for the quarter, compared to the consensus estimate of $50.84 million. Applied Optoelectronics’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. On average, equities analysts forecast that Applied Optoelectronics Inc. will post $0.58 EPS for the current fiscal year.

In other Applied Optoelectronics news, Director Alan D. Moore bought 105,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of $10.08 per share, for a total transaction of $1,058,400.00. Following the acquisition, the director now directly owns 222,542 shares of the company’s stock, valued at approximately $2,243,223.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 acquired at an average price of $9.98 per share, for a total transaction of $99,800.00. Following the acquisition, the director now directly owns 13,262 shares in the company, valued at $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.

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