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Advanced Photonix (NYSE:API) Director M Scott Farese purchased 10,000 shares of Advanced Photonix stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $0.50 per share, with a total value of $5,000.00. Following the completion of the purchase, the director now directly owns 189,360 shares of the company’s stock, valued at approximately $94,680. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Advanced Photonix from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $0.50 price target on the stock. Analysts at B. Riley upgraded shares of Advanced Photonix from a “neutral” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $0.80 price target on the stock, up previously from $0.75.

Shares of Advanced Photonix (NYSE:API) opened at 0.5001 on Thursday. Advanced Photonix has a 52-week low of $0.40 and a 52-week high of $0.88. The stock has a 50-day moving average of $0.50 and a 200-day moving average of $0.55. The company’s market cap is $18.7 million.

Advanced Photonix (NYSE:API) last posted its quarterly earnings results on Monday, June 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.02. The company had revenue of $7.00 million for the quarter, compared to the consensus estimate of $7.04 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Analysts expect that Advanced Photonix will post $0.02 EPS for the current fiscal year.

Advanced Photonix, Inc (NYSE:API) is engaged in the development and manufacture of optoelectronic devices and value-added sub-systems and systems.

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