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

Equities researchers at StockNews.com started coverage on shares of Optical Cable (NASDAQ:OCC) in a report issued on Friday. The firm set a “buy” rating on the communications equipment provider’s stock.

Optical Cable Stock Performance

Shares of OCC opened at $3.00 on Friday. The stock has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.39. The company has a quick ratio of 1.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $24.60 million, a price-to-earnings ratio of -5.56 and a beta of 0.29. Optical Cable has a 52-week low of $2.02 and a 52-week high of $7.00.

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

Hedge Funds Weigh In On Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can bought a new position in shares of Optical Cable Co. (NASDAQ:OCC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. 13.61% of the stock is currently owned by hedge funds and other institutional investors.

About Optical Cable

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.