Applied Optoelectronics Inc. (NASDAQ:AAOI) shares were down 3.6% during mid-day trading on Wednesday . The stock traded as low as $13.36 and last traded at $13.49, with a volume of 104,013 shares traded. The stock had previously closed at $14.00.

Several research analysts recently issued reports on AAOI shares. Zacks Investment Research lowered shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 21st. Piper Jaffray Cos. reiterated a “buy” rating and issued a $14.00 price target (down from $21.00) on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. Cowen and Company reiterated a “buy” rating on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Applied Optoelectronics in a research note on Tuesday, August 2nd. One equities research 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 an average rating of “Buy” and a consensus price target of $19.75.

The stock has a market cap of $229.85 million and a P/E ratio of 49.48. The company’s 50 day moving average is $12.36 and its 200 day moving average is $13.12.

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

In related news, Director Alan D. Moore bought 105,000 shares of the 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 completion of the purchase, the director now owns 222,542 shares of the company’s stock, valued at $2,243,223.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Min-Chu (Mike) Chen bought 10,000 shares of the stock in a transaction dated Friday, May 27th. The shares were bought at an average cost of $9.98 per share, with a total value of $99,800.00. Following the completion of the purchase, 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.

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