Optical Cable (NASDAQ:OCC) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Optical Cable (NASDAQ:OCC) in a report released on Thursday. The brokerage set a “buy” rating on the communications equipment provider’s stock.

Optical Cable Stock Performance

NASDAQ OCC opened at $3.00 on Thursday. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $24.60 million, a PE ratio of -5.56 and a beta of 0.29. The business’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.36. Optical Cable has a twelve month low of $2.02 and a twelve month high of $7.00.

Optical Cable (NASDAQ:OCC) last issued its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter. The firm had revenue of $15.74 million during 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 Optical Cable Co. (NASDAQ:OCC) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.12% of Optical Cable at the end of the most recent quarter. Hedge funds and other institutional investors 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.