Optical Cable Corporation (NASDAQ:OCC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.77 and traded as high as $6.95. Optical Cable shares last traded at $6.95, with a volume of 116,052 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Optical Cable to a "buy" rating in a report on Saturday, August 9th.
View Our Latest Report on Optical Cable
Optical Cable Trading Down 8.8%
The company has a fifty day moving average of $4.94 and a two-hundred day moving average of $3.78. The company has a current ratio of 1.89, a quick ratio of 0.67 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $52.18 million, a price-to-earnings ratio of -16.68 and a beta of 0.36.
Optical Cable (NASDAQ:OCC - Get Free Report) last posted its earnings results on Thursday, June 5th. The communications equipment provider reported ($0.09) earnings per share for the quarter. Optical Cable had a negative return on equity of 14.94% and a negative net margin of 4.33%.The company had revenue of $17.55 million during the quarter.
Institutional Investors Weigh In On Optical Cable
A hedge fund recently raised its stake in Optical Cable stock. Royal Bank of Canada increased its stake in Optical Cable Corporation (NASDAQ:OCC - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 124,769 shares of the communications equipment provider's stock after purchasing an additional 9,535 shares during the quarter. Royal Bank of Canada owned approximately 1.52% of Optical Cable worth $348,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.61% of the company's stock.
About Optical Cable
(
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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