Optical Cable (NASDAQ:OCC) Stock Rating Lowered by StockNews.com

Optical Cable (NASDAQ:OCC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Optical Cable Stock Up 5.1 %

NASDAQ OCC opened at $3.94 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. The firm has a market cap of $32.39 million, a PE ratio of -7.30 and a beta of 0.34. The stock’s 50 day simple moving average is $4.60 and its 200 day simple moving average is $3.25. Optical Cable has a one year low of $2.02 and a one year high of $7.00.

Optical Cable (NASDAQ:OCC) last announced its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 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%.

Hedge Funds Weigh In On Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can bought a new position in Optical Cable Co. (NASDAQ:OCC) during the 4th quarter, according to its most recent filing 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 0.12% of Optical Cable as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.