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 report report published on Saturday morning.

Optical Cable Trading Down 7.9 %

Shares of OCC stock opened at $3.72 on Friday. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. 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 50 day moving average of $4.57 and a 200-day moving average of $3.23. The firm has a market cap of $30.58 million, a P/E ratio of -6.89 and a beta of 0.34.

Optical Cable (NASDAQ:OCC) last released 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 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 stake in shares of Optical Cable Co. (NASDAQ:OCC) during the fourth quarter, according to its most recent 13F filing 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 approximately 0.12% of Optical Cable at the end of the most recent quarter. 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.