Optical Cable (NASDAQ:OCC) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Optical Cable (NASDAQ:OCC) from a buy rating to a hold rating in a research report released on Friday.

Optical Cable Price Performance

OCC stock opened at $4.25 on Friday. The firm has a 50 day moving average of $4.36 and a 200-day moving average of $3.17. The company has a current ratio of 4.49, a quick ratio of 1.74 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 firm has a market capitalization of $34.94 million, a P/E ratio of -7.87 and a beta of 0.34.

Optical Cable (NASDAQ:OCC) last announced 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 net margin of 6.31% and a negative return on equity of 19.50%.

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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned approximately 0.12% of Optical Cable as of its most recent filing with the Securities and Exchange Commission (SEC). 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.