Applied Optoelectronics Inc. (NASDAQ:AAOI)’s share price was down 5% on Tuesday . The company traded as low as $10.37 and last traded at $10.66, with a volume of 185,091 shares. The stock had previously closed at $11.22.

A number of equities analysts have recently weighed in on AAOI shares. Zacks Investment Research downgraded Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 21st. Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 target price (down previously from $21.00) on shares of Applied Optoelectronics in a research note on Tuesday, May 10th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Applied Optoelectronics has a consensus rating of “Hold” and an average price target of $20.80.

The company has a market cap of $188.70 million and a P/E ratio of 18.60. The company has a 50 day moving average price of $10.31 and a 200-day moving average price of $13.72.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Monday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.08. The business had revenue of $50.40 million for the quarter, compared to analyst estimates of $51.03 million. During the same period last year, the company earned $0.02 earnings per share. The business’s quarterly revenue was up 66.9% on a year-over-year basis. Equities analysts expect that Applied Optoelectronics Inc. will post $0.42 earnings per share for the current fiscal year.

In other Applied Optoelectronics news, Director Min-Chu (Mike) Chen bought 10,000 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was acquired 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 of the company’s stock, valued at $132,354.76. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan D. Moore bought 105,000 shares of the firm’s 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 directly 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.

A hedge fund recently raised its stake in Applied Optoelectronics stock. Russell Frank Co raised its position in shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) by 187.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,812 shares of the company’s stock after buying an additional 253,115 shares during the period. Russell Frank Co owned 2.30% of Applied Optoelectronics worth $6,903,000 at the end of the most recent reporting period.

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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