Optical Cable (NASDAQ:OCC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Optical Cable (NASDAQ:OCC) from a hold rating to a buy rating in a report issued on Monday.

Optical Cable Stock Performance

Optical Cable stock opened at $3.29 on Monday. The stock has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $3.28. The company has a quick ratio of 1.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.52. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. The stock has a market capitalization of $26.97 million, a price-to-earnings ratio of -6.09 and a beta of 0.31.

Optical Cable (NASDAQ:OCC) last released its quarterly earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%. The business had revenue of $15.74 million during the quarter.

Institutional Trading of Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can acquired a new position in shares of Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter. Institutional investors and hedge funds own 13.61% of the company’s stock.

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.