Optical Cable (NASDAQ:OCC) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Optical Cable Co. (NASDAQ:OCC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.58 and traded as low as $2.09. Optical Cable shares last traded at $2.10, with a volume of 5,153 shares trading hands.

Optical Cable Trading Up 0.5 %

The company has a market capitalization of $17.26 million, a PE ratio of -2.76 and a beta of 0.44. The company has a fifty day simple moving average of $2.31 and a 200-day simple moving average of $2.58. The company has a current ratio of 4.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.48.

Institutional Investors Weigh In On Optical Cable

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 13F filing 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 period. Legacy Financial Advisors Inc. owned about 1.31% of Optical Cable worth $281,000 at the end of the most recent quarter. 13.61% of the stock is currently owned by hedge funds and other 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.