Optical Cable (NASDAQ:OCC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Optical Cable Co. (NASDAQ:OCC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.71 and traded as high as $4.83. Optical Cable shares last traded at $4.70, with a volume of 48,503 shares trading hands.

Optical Cable Stock Down 2.1 %

The business’s fifty day moving average price is $2.80 and its 200 day moving average price is $2.71. The company has a quick ratio of 1.42, a current ratio of 4.18 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $38.63 million, a PE ratio of -6.18 and a beta of 0.31.

Optical Cable (NASDAQ:OCC) last issued its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 9.07% and a negative return on equity of 25.06%.

Institutional Investors Weigh In On Optical Cable

A hedge fund recently raised its stake in Optical Cable stock. Legacy Financial Advisors Inc. grew its stake in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,625 shares of the communications equipment provider’s stock after buying an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned about 1.31% of Optical Cable worth $281,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 13.61% of the company’s stock.

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.