Optical Cable (NASDAQ:OCC) Upgraded at StockNews.com

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

Optical Cable Stock Performance

OCC opened at $3.29 on Monday. The company has a market capitalization of $26.97 million, a price-to-earnings ratio of -6.09 and a beta of 0.31. The business’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $3.28. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74.

Optical Cable (NASDAQ:OCC) last announced its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter. The firm 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%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 SEC. The fund 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 at the end of the most recent reporting period. 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.