Applied Optoelectronics Inc (AAOI) is Trading Lower on Unusual Volume for January 20

Equities Staff |

Applied Optoelectronics Inc (AAOI) experienced unusually high volume on Jan. 20, as the stock lost 1.9% to a closing price of $12.37. The stock saw 386,354 shares trade hands over the course of the day on 2,765 trades. Given that the stock’s average daily volume over the last month has been 244,114 shares a day, this represents a pretty substantial spike over the norm.

Applied Optoelectronics Inc has a P/B ratio of 1.28. It also has a P/E ratio of 23.8. The stock has traded between $22.79 and $8.38 over the last 52-weeks, its 50-day SMA is now $16.84, and its 200-day SMA $17.75.

Applied Optoelectronics Inc is a vertically integrated provider of fiber-optic networking products, for three networking markets: cable television, fiber-to-the-home and internet data center such as components, sub-assemblies and modules, among others.

Headquartered in Sugar Land, TX, Applied Optoelectronics Inc has 1,447 employees and is currently under the leadership of CEO Chih-Hsiang Thompson Lin.

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

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

AfterMaster Inc

Studio One Media Inc is a diversified media and technology company. It is engaged in the development and commercialization of proprietary, edge audio and video technologies for professional and consumer…

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…