Applied Optoelectronics Inc. (NASDAQ:AAOI)’s share price was down 3.6% on Wednesday . The stock traded as low as $13.36 and last traded at $13.49, with a volume of 104,013 shares changing hands. The stock had previously closed at $14.00.

Several equities analysts recently weighed in on AAOI shares. Cowen and Company restated a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 price objective (down from $21.00) on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Roth Capital restated a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.75.

The company’s 50 day moving average is $12.18 and its 200 day moving average is $13.11. The stock has a market capitalization of $228.13 million and a PE ratio of 49.11.

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

In related news, Director Alan D. Moore purchased 105,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 222,542 shares of the company’s stock, valued at approximately $2,243,223.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Min-Chu (Mike) Chen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were bought at an average cost of $9.98 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director now directly owns 13,262 shares in the company, 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.

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