Applied Optoelectronics (AAOI) Sets New 12-Month Low at $17.81

Applied Optoelectronics Inc (NASDAQ:AAOI) hit a new 52-week low during trading on Friday . The company traded as low as $17.81 and last traded at $17.81, with a volume of 43033 shares changing hands. The stock had previously closed at $19.10.

A number of brokerages have recently commented on AAOI. ValuEngine upgraded Applied Optoelectronics from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. DA Davidson increased their price objective on Applied Optoelectronics to $42.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Cowen cut their price objective on Applied Optoelectronics from $53.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. Loop Capital cut their price objective on Applied Optoelectronics to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 8th. Finally, Piper Jaffray Companies cut their price objective on Applied Optoelectronics to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, November 7th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.11.

The stock has a market cap of $348.46 million, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 2.21 and a beta of 2.58. The company has a quick ratio of 1.30, a current ratio of 2.60 and a debt-to-equity ratio of 0.19.

Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.25. Applied Optoelectronics had a return on equity of 8.73% and a net margin of 4.20%. The company had revenue of $56.40 million during the quarter, compared to the consensus estimate of $56.55 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s quarterly revenue was down 36.6% compared to the same quarter last year. On average, research analysts expect that Applied Optoelectronics Inc will post 0.53 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. acquired a new stake in Applied Optoelectronics during the 2nd quarter valued at $166,000. Engineers Gate Manager LP acquired a new stake in Applied Optoelectronics during the 2nd quarter valued at $202,000. Quantbot Technologies LP acquired a new stake in Applied Optoelectronics during the 3rd quarter valued at $115,000. 6 Meridian acquired a new stake in Applied Optoelectronics during the 2nd quarter valued at $278,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Applied Optoelectronics during the 2nd quarter valued at $373,000. 68.60% of the stock is currently owned by institutional investors.

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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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