Optical Cable (NASDAQ:OCC) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Optical Cable (NASDAQ:OCC) in a note issued to investors on Tuesday. The firm set a “buy” rating on the communications equipment provider’s stock.

Optical Cable Price Performance

Optical Cable stock opened at $2.81 on Tuesday. The company’s 50 day simple moving average is $3.40 and its 200-day simple moving average is $3.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The company has a market capitalization of $23.04 million, a price-to-earnings ratio of -5.20 and a beta of 0.29.

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. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%. The firm had revenue of $15.74 million during the quarter.

Institutional Trading of 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 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.12% of Optical Cable as of its most recent SEC filing. 13.61% of the stock is owned by institutional investors.

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.