Alliance Fiber Optic Products Inc (AFOP): David A Hubbard , EVP, Sales and Marketing of Alliance Fiber Optic Products Inc sold 25,000 shares on Apr 8, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $18.45 per share for a total value of $461,250.00.
Company has been under the radar of several Street Analysts.Alliance Fiber Optic Products Inc is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 11, 2016.Alliance Fiber Optic Products Inc is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 8, 2016.
Currently the company Insiders own 9.81% of Alliance Fiber Optic Products Inc shares according to the proxy statements.Institutional Investors own 47.96% of Alliance Fiber Optic Products Inc shares.
Alliance Fiber Optic Products Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Alliance Fiber Optic Products Inc which led to swings in the share price. The shares opened for trading at $18.44 and hit $18.5 on the upside , eventually ending the session at $18.5, with a gain of 0.27% or 0.05 points. The heightened volatility saw the trading volume jump to 20,23,151 shares. The 52-week high of the share price is $22.35 and the company has a market cap of $292 M . The 52-week low of the share price is at $11.95.
Alliance Fiber Optic Products Inc. designs manufactures and markets a range of fiber optic components and integrated modules incorporating these components. The Company offers its products to communications equipment manufacturers and service providers. It offers a range of products including interconnect devices that connect optical fibers and components couplers and splitters that divide and combine optical power and dense wavelength division multiplexing devices that separate and combine multiple specific wavelengths. The Company’s lines of optical products support the optical network systems applications. The Company’s connectivity product family provides a line of optical interconnect devices couplers and splitters planar lightwave circuits and related optical products as well as integrated modules incorporating these devices. Its optical passive products include wavelength division multiplexing coarse wavelength division multiplexer and DWDM components and modules.