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

Analysts at StockNews.com started coverage on shares of Optical Cable (NASDAQ:OCC) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the communications equipment provider’s stock.

Optical Cable Trading Down 4.0%

NASDAQ:OCC opened at $3.15 on Friday. Optical Cable has a 52-week low of $2.02 and a 52-week 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 stock has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.38. The company has a market capitalization of $25.83 million, a PE ratio of -5.83 and a beta of 0.29.

Optical Cable (NASDAQ:OCC) last posted its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter. The business had revenue of $15.74 million 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 raised its position in Optical Cable stock. Royal Bank of Canada lifted its position in shares of Optical Cable Co. (NASDAQ:OCC) by 8.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 124,769 shares of the communications equipment provider’s stock after buying an additional 9,535 shares during the period. Royal Bank of Canada owned 1.52% of Optical Cable worth $348,000 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.