Today’s Research Reports on Trending Tickers: Applied Optoelectronics and Acacia Communications
NEW YORK, NY / ACCESSWIRE / February 27, 2018 / U.S. markets rose for the third consecutive session on Monday on the strength of technology shares. The Dow Jones Industrial Average spiked 1.58 percent to close at 25,709.27 while the S&P 500 Index jumped 1.18 percent to close at 2,779.60. The Nasdaq Composite Index increased 1.15 percent to close at 7,421.46. The Dow and the S&P 500 are now just down 3.4 percent and 3.25 percent, respectively, from their all-time high, while the Nasdaq is just 1.1 percent shy from its peak, according to WSJ Market Data Group.
RDI Initiates Coverage on:
Applied Optoelectronics, Inc.
https://rdinvesting.com/news/?ticker=AAOI
Acacia Communications, Inc.
https://rdinvesting.com/news/?ticker=ACIA
Applied Optoelectronics’ stock edged 0.07% lower Monday, to close the day at $28.00. The stock recorded a trading volume of 1,360,226 shares, which was below its three months average volume of 1,389,186 shares. In the last year, Applied Optoelectronics’ shares have traded in a range of 26.11 - 103.41. The stock is currently trading 72.92% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $33.19 is below its 200-day moving average of $46.05. Shares of the company are trading at a Price to Earnings ratio of 7.63. Shares of Applied Optoelectronics have fallen roughly 22.2 percent in the past month and are down 25.97 percent year-to-date.
Access RDI’s Applied Optoelectronics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI
On Monday, shares of Acacia Communications recorded a trading volume of 1,119,171 shares, which was above the three months average volume of 456,649 shares. The stock ended the day 4.05% higher at 38.55. The stock is currently trading 36.96% below its 52-week high with a 52-week trading range of 33.68 - 61.15. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $38.46 is below its 200-day moving average of $41.47. Shares of the company are trading at a Price to Earnings ratio of 41.90. Shares of Acacia Communications have gained roughly 6.34 percent in the past month and are up 6.4 percent year-to-date.
Access RDI’s Acacia Communications, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ACIA
Our Actionable Research on Applied Optoelectronics, Inc. (NASDAQ:AAOI) and Acacia Communications, Inc. (NASDAQ:ACIA) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
