Preformed Line Products (NASDAQ:PLPC - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $155.76 and last traded at $153.95, with a volume of 32575 shares. The stock had previously closed at $152.98.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th.
View Our Latest Analysis on Preformed Line Products
Preformed Line Products Trading Down 0.2%
The company has a fifty day simple moving average of $139.31 and a two-hundred day simple moving average of $136.32. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. The company has a market cap of $764.02 million, a PE ratio of 23.22 and a beta of 0.75.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The company had revenue of $148.54 million for the quarter.
Institutional Investors Weigh In On Preformed Line Products
Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Preformed Line Products by 28.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock worth $180,000 after purchasing an additional 314 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Preformed Line Products in the 1st quarter valued at about $308,000. Private Advisor Group LLC increased its holdings in shares of Preformed Line Products by 3.6% in the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock valued at $365,000 after acquiring an additional 100 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Preformed Line Products by 121.1% in the 1st quarter. New York State Common Retirement Fund now owns 2,921 shares of the technology company's stock valued at $409,000 after acquiring an additional 1,600 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Preformed Line Products by 30,720.0% in the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the technology company's stock valued at $432,000 after acquiring an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company's stock.
About Preformed Line Products
(
Get Free Report)
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.
Further Reading
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