Optical Cable (NASDAQ:OCC) Shares Pass Above 200 Day Moving Average of $2.81

Optical Cable Co. (NASDAQ:OCCGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.81 and traded as high as $2.84. Optical Cable shares last traded at $2.81, with a volume of 1,299 shares traded.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Optical Cable from a “c” rating to a “d+” rating in a research note on Thursday, March 14th.

Get Our Latest Stock Analysis on OCC

Optical Cable Trading Up 2.4 %

The firm has a market cap of $22.17 million, a PE ratio of -5.11 and a beta of 0.44. The company has a current ratio of 4.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $2.81 and a 200 day moving average price of $2.81.

Optical Cable (NASDAQ:OCCGet Free Report) last released its quarterly earnings data on Monday, June 10th. The communications equipment provider reported ($0.21) EPS for the quarter. The business had revenue of $16.11 million during the quarter. Optical Cable had a negative net margin of 6.43% and a negative return on equity of 17.54%.

About Optical Cable

(Get Free Report)

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.

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