Applied Optoelectronics Inc (NASDAQ:AAOI) General Counsel David C. Kuo sold 1,000 shares of Applied Optoelectronics stock in a transaction on Monday, October 12th. The shares were sold at an average price of $11.74, for a total value of $11,740.00. Following the completion of the transaction, the general counsel now owns 46,067 shares of the company’s stock, valued at approximately $540,826.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ AAOI opened at $10.98 on Friday. The stock has a fifty day moving average of $10.96 and a 200-day moving average of $10.52. The stock has a market capitalization of $250.06 million, a P/E ratio of -2.80 and a beta of 1.98. Applied Optoelectronics Inc has a 52 week low of $5.00 and a 52 week high of $17.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 1.78.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.13. Applied Optoelectronics had a negative return on equity of 11.97% and a negative net margin of 39.72%. The business had revenue of $65.22 million during the quarter, compared to analysts’ expectations of $56.93 million. Equities research analysts forecast that Applied Optoelectronics Inc will post -1.26 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. Craig Hallum upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Friday, August 7th. DA Davidson lifted their price objective on Applied Optoelectronics from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC lifted their price objective on Applied Optoelectronics from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Northland Securities reissued a “sell” rating and issued a $10.00 target price on shares of Applied Optoelectronics in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Applied Optoelectronics in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $14.06.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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