Alliance Fiber Optic Products CFO Anita Ho Sells 6,500 Shares (AFOP)
Alliance Fiber Optic Products (NASDAQ:AFOP) CFO Anita Ho sold 6,500 shares of Alliance Fiber Optic Products stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $20.51, for a total value of $133,315.00. Following the completion of the transaction, the chief financial officer now directly owns 21,954 shares of the company’s stock, valued at approximately $450,277. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on AFOP. Analysts at B. Riley raised their price target on shares of Alliance Fiber Optic Products from $19.00 to $20.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock.
Shares of Alliance Fiber Optic Products (NASDAQ:AFOP) traded up 4.03% during mid-day trading on Thursday, hitting $18.57. The stock had a trading volume of 1,062,239 shares. Alliance Fiber Optic Products has a 1-year low of $8.80 and a 1-year high of $42.50. The stock’s 50-day moving average is $19.94 and its 200-day moving average is $14.54. The company has a market cap of $335.3 million and a price-to-earnings ratio of 18.35.
Alliance Fiber Optic Products (NASDAQ:AFOP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.30 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.30. The company had revenue of $23.07 million for the quarter, compared to the consensus estimate of $22.20 million. Alliance Fiber Optic Products’s revenue was up 86.2% compared to the same quarter last year. Analysts expect that Alliance Fiber Optic Products will post $1.03 EPS for the current fiscal year.
Alliance Fiber Optic Products Inc (NASDAQ:AFOP) designs, manufactures and markets a range of fiber optic components, and integrated modules incorporating these components, for communications equipment manufacturers and service providers.
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