Preformed Line Products (NASDAQ:PLPC – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
Preformed Line Products Stock Performance
NASDAQ:PLPC opened at $134.94 on Thursday. The firm has a market capitalization of $661.21 million, a PE ratio of 20.26 and a beta of 0.62. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $141.66. The firm’s fifty day simple moving average is $122.12 and its 200 day simple moving average is $124.45.
Preformed Line Products (NASDAQ:PLPC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The business had revenue of $146.97 million during the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.
Hedge Funds Weigh In On Preformed Line Products
Preformed Line Products Company Profile
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.
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