Optical Cable (NASDAQ:OCC) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Optical Cable (NASDAQ:OCC) from a buy rating to a hold rating in a research report report published on Sunday.

Optical Cable Price Performance

OCC opened at $3.94 on Friday. The business’s 50-day moving average is $4.60 and its two-hundred day moving average is $3.25. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. The firm has a market capitalization of $32.39 million, a PE ratio of -7.30 and a beta of 0.31.

Optical Cable (NASDAQ:OCC) last posted its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can purchased a new position in shares of Optical Cable Co. (NASDAQ:OCC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.12% of Optical Cable as of its most recent filing with the Securities & Exchange Commission. 13.61% of the stock is currently owned by institutional investors.

Optical Cable Company Profile

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.