Alliance Fiber Optic Products EVP Sells $199,200 in Stock (AFOP)
Alliance Fiber Optic Products (NASDAQ:AFOP) EVP David A. Hubbard sold 12,000 shares of Alliance Fiber Optic Products stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.60, for a total value of $199,200.00. Following the transaction, the executive vice president now directly owns 100,954 shares in the company, valued at approximately $1,675,836. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, 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 down 4.62% during mid-day trading on Friday, hitting $16.50. The stock had a trading volume of 955,270 shares. Alliance Fiber Optic Products has a 52-week low of $5.28 and a 52-week high of $23.94. The stock’s 50-day moving average is $15.16 and its 200-day moving average is $16.9. The company has a market cap of $302.5 million and a P/E ratio of 17.78.
Alliance Fiber Optic Products (NASDAQ:AFOP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters 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. The company’s quarterly revenue was up 86.2% on a year-over-year basis. On average, analysts predict that Alliance Fiber Optic Products will post $1.03 earnings per share 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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