Applied Optoelectronics (NASDAQ:AAOI) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Applied Optoelectronics (NASDAQ:AAOI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas. “

AAOI stock opened at $4.11 on Tuesday. The company has a market capitalization of $112.19 million, a PE ratio of -2.00 and a beta of 1.70. The company’s fifty day moving average price is $5.52 and its 200-day moving average price is $6.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 2.15. Applied Optoelectronics has a one year low of $4.04 and a one year high of $13.95.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Thursday, November 4th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.10. The company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $53.83 million. Applied Optoelectronics had a negative net margin of 25.33% and a negative return on equity of 11.15%. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, research analysts predict that Applied Optoelectronics will post -1.21 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in AAOI. US Asset Management LLC purchased a new stake in Applied Optoelectronics during the third quarter valued at $26,000. Keebeck Alpha LP purchased a new stake in Applied Optoelectronics during the third quarter valued at $74,000. Pinz Capital Management LP purchased a new stake in Applied Optoelectronics during the second quarter valued at $79,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Applied Optoelectronics during the third quarter valued at $90,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Applied Optoelectronics during the second quarter valued at $112,000. 47.48% of the stock is currently owned by institutional investors.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless.

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