Alliance Fiber Optic Products (AFOP) - FREE Research Report

Chang Peter C who is Chair, Pres and Chief Exec Off at Alliance Fiber Optic Products sold 488,000 shares at $22.14 on Sept. 20, 2013. Following this transaction, the Chair, Pres and Chief Exec Off owned 2.1 million shares meaning that the stake was reduced by 18.61% with the 488,000 share transaction.

The shares most recently traded at $22.49, up $0.35, or 1.54% since the insider transaction. Historical insider transactions for Alliance Fiber Optic Products go as follows:

  • 4-Week # shares sold: 10,000
  • 12-Week # shares sold: 153,000
  • 24-Week # shares sold: 310,000

The average volume for Alliance Fiber Optic Products has been 875,500 shares per day over the past 30 days. Alliance Fiber Optic Products has a market cap of $411.9 million and is part of the technology sector and electronics industry. Shares are up 278.2% year to date as of the close of trading on Friday.

Alliance Fiber Optic Products, Inc. designs, manufactures, and markets various fiber optic components and integrated modules for communications equipment manufacturers and service providers in North America, Europe, and Asia. The stock currently has a dividend yield of 0.55%. The company has a P/E ratio of 29.9. Currently there are no analysts that rate Alliance Fiber Optic Products a buy, no analysts rate it a sell, and 1 rates it a hold.

Exclusive Offer: Get the latest Stock Analysis on AFOP - FREE

TheStreet Quant Ratings rates Alliance Fiber Optic Products as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Alliance Fiber Optic Products Ratings Report from TheStreet Quant Ratings now.

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Data for this article provided by Zacks Investment Research
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