Applied Optoelectronics Inc. (NASDAQ:AAOI) shares were up 11.7% during mid-day trading on Thursday . The stock traded as high as $15.72 and last traded at $15.50, with a volume of 864,081 shares trading hands. The stock had previously closed at $13.88.

Several research analysts have recently issued reports on AAOI shares. Zacks Investment Research raised shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. TheStreet upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Roth Capital reiterated a “buy” rating on shares of Applied Optoelectronics in a research report on Tuesday, August 2nd. 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 report on Tuesday, May 10th. Finally, Craig Hallum reiterated a “buy” rating and issued a $23.00 price target (up from $18.00) on shares of Applied Optoelectronics in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.40.

The company has a 50 day moving average of $12.64 and a 200 day moving average of $13.04. The company has a market cap of $279.04 million and a PE ratio of 60.07.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.10. The business had revenue of $55.30 million for the quarter, compared to analyst estimates of $50.84 million. During the same period in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Applied Optoelectronics Inc. will post $0.58 earnings per share for the current fiscal year.

In other Applied Optoelectronics news, Director Min-Chu (Mike) Chen bought 10,000 shares of the stock in a transaction on Friday, May 27th. The stock was purchased at an average price of $9.98 per share, with a total value of $99,800.00. Following the completion of the purchase, the director now owns 13,262 shares in the company, valued at $132,354.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan D. Moore bought 105,000 shares of the stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of $10.08 per share, with a total value of $1,058,400.00. Following the purchase, the director now owns 222,542 shares of the company’s stock, valued at approximately $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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