Alliance Fiber Optic Products Inc. (AFOP) Drops 15.71% on February 19

Equities Staff |

Alliance Fiber Optic Products Inc. (AFOP) was one of the Russell 2000's biggest losers for Friday February 19 as the stock slid 15.71% to $12.07, a loss of $-2.25 per share. Starting at an opening price of $13.25 a share, the stock traded between $11.95 and $13.35 over the course of the trading day. Volume was 912,587 shares over 6,152 trades, against an average daily volume of 189,128 shares and a total float of 17.38 million.

The losses send Alliance Fiber Optic Products Inc. down to a market cap of $209.83 million. In the last year, Alliance Fiber Optic Products Inc. has traded between $22.35 and $12.92, and its 50-day SMA is currently $14.49 and 200-day SMA is $17.22.

The stock has a P/E Ratio of 16.5.

Alliance Fiber Optic Products Inc designs, manufactures and markets a range of fiber optic components, and integrated modules incorporating these components, for communications equipment manufacturers and service providers.

Alliance Fiber Optic Products Inc. is based out of Sunnyvale, CA and has some 1,646 employees. Its CEO is Peter C. Chang.

For a complete fundamental analysis analysis of Alliance Fiber Optic Products Inc., check out Equities.com’s Stock Valuation Analysis report for AFOP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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