Applied Optoelectronics, Inc. (NASDAQ:AAOI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been given an average rating of “Moderate Buy” by the four research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.00.

Several research firms have recently commented on AAOI. B. Riley lowered their target price on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 10th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research report on Saturday, June 22nd. B. Riley Financial cut their price objective on Applied Optoelectronics from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 10th. Finally, Rosenblatt Securities reduced their target price on Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 10th.

Applied Optoelectronics Price Performance

Shares of NASDAQ:AAOI opened at $8.29 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.06 and a current ratio of 1.79. The business’s fifty day moving average price is $10.61 and its two-hundred day moving average price is $14.66. The stock has a market cap of $322.55 million, a PE ratio of -4.55 and a beta of 2.02. Applied Optoelectronics has a one year low of $5.08 and a one year high of $24.75.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). Applied Optoelectronics had a negative net margin of 30.65% and a negative return on equity of 16.30%. The business had revenue of $40.67 million during the quarter, compared to analysts’ expectations of $43.56 million. On average, analysts forecast that Applied Optoelectronics will post -0.24 EPS for the current fiscal year.

Institutional Trading of Applied Optoelectronics

Institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co bought a new stake in Applied Optoelectronics in the 1st quarter valued at $46,000. Headlands Technologies LLC acquired a new position in shares of Applied Optoelectronics during the 4th quarter worth about $191,000. Truvestments Capital LLC acquired a new position in Applied Optoelectronics in the 1st quarter valued at about $161,000. Bailard Inc. acquired a new position in Applied Optoelectronics in the 4th quarter valued at about $305,000. Finally, Mach 1 Financial Group LLC bought a new stake in Applied Optoelectronics in the 4th quarter valued at about $367,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.