BidaskClub Upgrades Preformed Line Products (PLPC) to Hold
BidaskClub upgraded shares of Preformed Line Products (NASDAQ:PLPC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.
Preformed Line Products (NASDAQ:PLPC) opened at $68.00 on Friday. The firm has a market cap of $334.54, a PE ratio of 27.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.15 and a quick ratio of 2.00. Preformed Line Products has a 12 month low of $44.80 and a 12 month high of $85.63.
Preformed Line Products declared that its board has authorized a stock repurchase program on Thursday, December 14th that allows the company to repurchase 250,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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About Preformed Line Products
Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.
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