Preformed Line Products (NASDAQ:PLPC) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Preformed Line Products (NASDAQ:PLPC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $135.40 and traded as high as $139.00. Preformed Line Products shares last traded at $137.80, with a volume of 16,806 shares changing hands.

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.

Preformed Line Products Stock Up 1.9%

The firm has a 50-day moving average of $138.84 and a two-hundred day moving average of $135.57. The stock has a market capitalization of $683.00 million, a price-to-earnings ratio of 20.76 and a beta of 0.75. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. The company had revenue of $148.54 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Tuesday, April 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, April 1st. Preformed Line Products's payout ratio is presently 10.14%.

Institutional Investors Weigh In On Preformed Line Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in shares of Preformed Line Products by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company's stock valued at $135,000 after acquiring an additional 122 shares in the last quarter. Wells Fargo & Company MN boosted its position in Preformed Line Products by 28.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock valued at $180,000 after purchasing an additional 314 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Preformed Line Products in the first quarter valued at about $308,000. Private Advisor Group LLC grew its stake in Preformed Line Products by 3.6% in the fourth quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock valued at $365,000 after purchasing an additional 100 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in 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 worth $409,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company's stock.

Preformed Line Products Company Profile

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.