Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 10,390,000 shares, a growth of 6.8% from the July 31st total of 9,730,000 shares. Based on an average daily volume of 1,980,000 shares, the short-interest ratio is currently 5.2 days.
Applied Optoelectronics Stock Up 10.2 %
Shares of NASDAQ:AAOI opened at $11.35 on Monday. The company has a 50 day moving average of $8.82 and a 200-day moving average of $11.35. Applied Optoelectronics has a one year low of $6.66 and a one year high of $24.75. The stock has a market cap of $464.22 million, a price-to-earnings ratio of -6.24 and a beta of 1.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last issued its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative net margin of 34.84% and a negative return on equity of 19.82%. The company had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million. During the same quarter in the previous year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Applied Optoelectronics will post -1.08 earnings per share for the current year.
Hedge Funds Weigh In On Applied Optoelectronics
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AAOI. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 22nd. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, August 9th. B. Riley dropped their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price objective on shares of Applied Optoelectronics in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.
View Our Latest Stock Report on AAOI
Applied Optoelectronics Company Profile
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.
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