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Applied Optoelectronics (AAOI) in Focus: Stock Moves 6.3% Higher

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Applied Optoelectronics, Inc. (AAOI - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 23.8% in the past one-month time frame.

The Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks for the company, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Electronics - Semiconductors industry is Silicon Motion Technology Corporation (SIMO - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Silicon Motion Technology Corporation (SIMO) - free report >>

Applied Optoelectronics, Inc. (AAOI) - free report >>

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