Applied Optoelectronics (NASDAQ:AAOI) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Applied Optoelectronics (NASDAQ:AAOI – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the semiconductor company’s stock.

Separately, Cowen decreased their price objective on shares of Applied Optoelectronics to $4.00 in a report on Thursday, November 17th.

Applied Optoelectronics Price Performance

AAOI stock opened at $2.44 on Thursday. Applied Optoelectronics has a 52-week low of $1.48 and a 52-week high of $4.00. The firm has a market capitalization of $70.69 million, a price-to-earnings ratio of -1.03 and a beta of 1.38. The firm has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 1.32.

Hedge Funds Weigh In On Applied Optoelectronics

A number of hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $195,000. Monaco Asset Management SAM purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $1,006,000. Gabelli Funds LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $313,000. Gamco Investors INC. ET AL purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $150,000. Finally, Jane Street Group LLC purchased a new stake in Applied Optoelectronics during the 4th quarter valued at $49,000. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

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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.