Applied Optoelectronics Inc (AAOI) Jumps 6.34% on January 22

Equities Staff |

Applied Optoelectronics Inc (AAOI) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 6.34% to $13.75, representing a gain of $0.82 per share. Some 247,352 shares traded hands on 2,015 trades, compared with an average daily volume of 334,322 shares out of a total float of 16.84 million. The stock opened at $13.25 and traded with an intraday range of $14.28 to $13.08.

After today's gains, Applied Optoelectronics Inc reached a market cap of $231.48 million. Applied Optoelectronics Inc has had a trading range between $22.79 and $8.61 over the last year, and it had a 50-day SMA of $16.64 and a 200-day SMA of $17.75.

The stock has a P/E Ratio of 24.4.

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.

Applied Optoelectronics Inc is based out of Sugar Land, TX and has some 1,447 employees. Its CEO is 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 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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