Optical Cable (NASDAQ:OCC) Raised to “Buy” at StockNews.com

Optical Cable (NASDAQ:OCC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Optical Cable Price Performance

Shares of NASDAQ:OCC opened at $3.31 on Monday. The firm’s 50 day moving average is $4.53 and its two-hundred day moving average is $3.28. The firm has a market capitalization of $27.14 million, a P/E ratio of -6.13 and a beta of 0.31. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52. Optical Cable has a 52 week low of $2.02 and a 52 week high of $7.00.

Optical Cable (NASDAQ:OCC) last announced its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%. The business had revenue of $15.74 million for the quarter.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can bought a new stake in shares of Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned approximately 0.12% of Optical Cable as of its most recent SEC filing. 13.61% of the stock is 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.