Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) shot up 8.3% during trading on Wednesday . The stock traded as high as $12.48 and last traded at $12.46, 995,245 shares traded hands during mid-day trading. An increase of 15% from the average session volume of 863,570 shares. The stock had previously closed at $11.51.
Several brokerages have recently commented on AAOI. BidaskClub upgraded shares of Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Friday. Rosenblatt Securities upgraded shares of Applied Optoelectronics from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $13.00 in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered shares of Applied Optoelectronics from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.58.
The firm’s 50 day moving average is $12.62 and its two-hundred day moving average is $10.93. The stock has a market capitalization of $250.29 million, a PE ratio of -6.04 and a beta of 2.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 2.96.
About Applied Optoelectronics (NASDAQ:AAOI)
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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