Optical Cable Corporation (NASDAQ:OCC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.85 and traded as high as $6.50. Optical Cable shares last traded at $6.34, with a volume of 14,146 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Optical Cable to a "buy" rating in a report on Saturday, August 9th.
Read Our Latest Stock Analysis on OCC
Optical Cable Stock Up 36.3%
The firm's 50 day moving average price is $5.57 and its two-hundred day moving average price is $3.92. The company has a market cap of $70.45 million, a P/E ratio of -22.53 and a beta of 0.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.67 and a current ratio of 1.89.
Optical Cable (NASDAQ:OCC - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The communications equipment provider reported $0.04 earnings per share for the quarter. Optical Cable had a negative net margin of 4.33% and a negative return on equity of 14.94%.
Institutional Trading of Optical Cable
An institutional investor recently raised its position in Optical Cable stock. Gendell Jeffrey L raised its holdings in shares of Optical Cable Corporation (NASDAQ:OCC - Free Report) by 51.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,952 shares of the communications equipment provider's stock after purchasing an additional 22,952 shares during the quarter. Gendell Jeffrey L owned 0.83% of Optical Cable worth $197,000 as of its most recent SEC filing. Institutional investors own 13.61% of the company's stock.
Optical Cable Company Profile
(
Get Free Report)
Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.
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