Optical Cable (NASDAQ:OCC) Shares Cross 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 Monday . The stock has a 200-day moving average of $2.80 and traded as high as $4.95. Optical Cable shares last traded at $4.86, with a volume of 24,145 shares.

Optical Cable Stock Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. The company has a market cap of $39.95 million, a P/E ratio of -9.00 and a beta of 0.31. The firm has a 50 day moving average price of $3.08 and a 200-day moving average price of $2.80.

Optical Cable (NASDAQ:OCC) last announced 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 return on equity of 19.50% and a negative net margin of 6.31%.

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.