StockNews.com upgraded shares of Optical Cable (NASDAQ:OCC – Free Report) 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 – Get Free Report) 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
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.
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