Alliance Fiber Optic Products Director Gwong Yih Lee Sells 2,000 Shares (AFOP)
Alliance Fiber Optic Products (NASDAQ:AFOP) Director Gwong Yih Lee unloaded 2,000 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $20.98, for a total transaction of $41,960.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $209,800. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at B. Riley raised their price target on shares of Alliance Fiber Optic Products from $20.00 to $22.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company LLC initiated coverage on shares of Alliance Fiber Optic Products in a research note on Tuesday, March 25th. They set a “buy” rating and a $22.00 price target on the stock. They noted that the move was a valuation call.
Alliance Fiber Optic Products (NASDAQ:AFOP) traded down 9.10% on Friday, hitting $20.28. The stock had a trading volume of 1,514,864 shares. Alliance Fiber Optic Products has a 52-week low of $9.125 and a 52-week high of $23.94. The stock’s 50-day moving average is $18.86 and its 200-day moving average is $15.61. The company has a market cap of $374.6 million and a price-to-earnings ratio of 19.04.
Alliance Fiber Optic Products (NASDAQ:AFOP) last announced its earnings results on Thursday, April 24th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.05. The company had revenue of $24.88 million for the quarter, compared to the consensus estimate of $23.65 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 104.8% on a year-over-year basis. On average, analysts predict that Alliance Fiber Optic Products will post $1.32 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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