Optical Cable (NASDAQ:OCC) Share Price Crosses Above 200-Day Moving Average of $2.81

Optical Cable Co. (NASDAQ:OCC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.81 and traded as high as $2.87. Optical Cable shares last traded at $2.70, with a volume of 5,553 shares changing hands.

Optical Cable Price Performance

The stock has a market capitalization of $21.31 million, a price-to-earnings ratio of -4.91 and a beta of 0.45. The business’s fifty day moving average price is $2.74 and its 200-day moving average price is $2.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.41 and a quick ratio of 1.40.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings data on Wednesday, September 11th. The communications equipment provider reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $16.22 million for the quarter. Optical Cable had a negative net margin of 9.07% and a negative return on equity of 24.27%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Optical Cable stock. Legacy Financial Advisors Inc. increased its position in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,625 shares of the communications equipment provider’s stock after purchasing an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned approximately 1.31% of Optical Cable worth $281,000 as of its most recent SEC filing. 13.61% of the stock is currently owned by institutional investors and hedge funds.

About Optical Cable

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.