Preformed Line Products (NASDAQ:PLPC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $155.76 and last traded at $153.95, with a volume of 32575 shares traded. The stock had previously closed at $152.98.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.
Check Out Our Latest Analysis on Preformed Line Products
Preformed Line Products Trading Down 3.5%
The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The firm has a 50 day simple moving average of $140.18 and a two-hundred day simple moving average of $136.51. The firm has a market capitalization of $747.92 million, a P/E ratio of 22.73 and a beta of 0.75.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $148.54 million for the quarter.
Hedge Funds Weigh In On Preformed Line Products
Large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in shares of Preformed Line Products during the 1st quarter valued at $476,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Preformed Line Products by 15,654.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company's stock valued at $30,480,000 after purchasing an additional 216,190 shares during the last quarter. American Century Companies Inc. increased its position in shares of Preformed Line Products by 47.0% during the 1st quarter. American Century Companies Inc. now owns 72,137 shares of the technology company's stock valued at $10,106,000 after purchasing an additional 23,080 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Preformed Line Products during the 1st quarter valued at $15,339,000. Finally, Invesco Ltd. increased its position in shares of Preformed Line Products by 19.0% during the 1st quarter. Invesco Ltd. now owns 49,033 shares of the technology company's stock valued at $6,869,000 after purchasing an additional 7,829 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.
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.
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