Shares of Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $157.82 and last traded at $155.77, with a volume of 101807 shares. The stock had previously closed at $153.31.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.
View Our Latest Stock Report on PLPC
Preformed Line Products Trading Up 1.4%
The firm has a market capitalization of $768.07 million, a price-to-earnings ratio of 19.71 and a beta of 0.75. The company has a fifty day moving average price of $141.50 and a 200-day moving average price of $137.02. The company has a current ratio of 3.08, a quick ratio of 1.81 and a debt-to-equity ratio of 0.06.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $2.33 EPS for the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%. The company had revenue of $148.54 million during the quarter.
Institutional Trading of Preformed Line Products
Large investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Preformed Line Products in the 1st quarter worth approximately $476,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Preformed Line Products by 15,654.6% in the first 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 period. American Century Companies Inc. lifted its stake in shares of Preformed Line Products by 47.0% in the first quarter. American Century Companies Inc. now owns 72,137 shares of the technology company's stock worth $10,106,000 after buying an additional 23,080 shares during the last quarter. Nuveen LLC bought a new stake in shares of Preformed Line Products during the 1st quarter worth $15,339,000. Finally, Invesco Ltd. grew its position in shares of Preformed Line Products by 19.0% in the first 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. Institutional investors own 41.19% of the company's stock.
Preformed Line Products Company Profile
(
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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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