Legacy Financial Advisors Inc. Raises Holdings in Optical Cable Co. (NASDAQ:OCC)

Legacy Financial Advisors Inc. boosted its stake in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,625 shares of the communications equipment provider’s stock after acquiring an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned 1.31% of Optical Cable worth $281,000 at the end of the most recent reporting period.

Optical Cable Stock Down 1.1 %

OCC opened at $2.65 on Friday. The company has a fifty day moving average of $2.74 and a two-hundred day moving average of $2.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.40 and a current ratio of 4.41. Optical Cable Co. has a fifty-two week low of $2.26 and a fifty-two week high of $3.53. The stock has a market capitalization of $20.91 million, a price-to-earnings ratio of -4.82 and a beta of 0.45.

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

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.