Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) rose 2.5% on Friday . The stock traded as high as $13.74 and last traded at $13.67, with a volume of 220,027 shares traded. The stock had previously closed at $13.34.

AAOI has been the subject of several recent analyst reports. 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. restated a “buy” rating and set a $14.00 price objective (down from $21.00) on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. Cowen and Company restated a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, May 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, August 2nd. 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 currently has a consensus rating of “Buy” and an average target price of $19.75.

The stock has a market capitalization of $235.50 million and a PE ratio of 50.70. The company’s 50-day moving average is $12.43 and its 200-day moving average is $13.10.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts anticipate 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 Applied Optoelectronics stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $10.08 per share, for a total transaction of $1,058,400.00. Following the completion of the transaction, the director now owns 222,542 shares in the company, valued at $2,243,223.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Min-Chu (Mike) Chen purchased 10,000 shares of Applied Optoelectronics stock in a transaction dated Friday, May 27th. The stock was bought 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 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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