Gray Financial Group Ga Adv Adv adds Applied Optoelectronics Inc (AAOI) to its portfolio

Applied Optoelectronics Inc (AAOI) : Gray Financial Group Ga Adv Adv added new position in Applied Optoelectronics Inc during the most recent quarter end. The investment management firm now holds 20,748 shares of Applied Optoelectronics Inc which is valued at $246,071 , the company said in a statement filed on Jul 19, 2016 with the SEC.Applied Optoelectronics Inc makes up approximately 0.10% of Gray Financial Group Ga Adv Adv’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in AAOI by selling 1,160 shares or 67.68% in the most recent quarter. The Hedge Fund company now holds 554 shares of AAOI which is valued at $6,570. Creative Planning sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 1,200 shares of AAOI which is valued $13,896.Cutler Group Lp reduced its stake in AAOI by selling 8,255 shares or 98.22% in the most recent quarter. The Hedge Fund company now holds 150 shares of AAOI which is valued at $1,737. Bnp Paribas Arbitrage Sa added AAOI to its portfolio by purchasing 639 company shares during the most recent quarter which is valued at $7,221.

Applied Optoelectronics Inc opened for trading at $11.94 and hit $11.95 on the upside on Wednesday, eventually ending the session at $11.86, with a gain of 3.04% or 0.35 points. The heightened volatility saw the trading volume jump to 2,52,359 shares. Company has a market cap of $203 M.

On the company’s financial health, Applied Optoelectronics Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.05. The company had revenue of $50.40 million for the quarter, compared to analysts expectations of $51.47 million. The company’s revenue was up 66.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Applied Optoelectronics Inc. is a vertically integrated provider of fiber-optic networking products primarily for three networking end-markets: Internet data center cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration from components subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land Texas Ningbo China and Taipei Taiwan. It designs manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.

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