Optical Cable (NASDAQ:OCC) Stock Crosses Above 200 Day Moving Average of $3.74

Optical Cable Co. (NASDAQ:OCC – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.74 and traded as high as $4.22. Optical Cable shares last traded at $4.15, with a volume of 2,178 shares trading hands.

Optical Cable Stock Down 2.4 %

The company has a market cap of $32.44 million, a P/E ratio of -80.20 and a beta of 0.57. The company has a 50 day moving average of $3.99 and a 200-day moving average of $3.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.17 and a quick ratio of 1.57.

Optical Cable (NASDAQ:OCC – Get Rating) last posted its quarterly earnings data on Thursday, December 22nd. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $20.06 million during the quarter. Optical Cable had a negative return on equity of 1.62% and a negative net margin of 0.50%.

Institutional Investors Weigh In On Optical Cable

A hedge fund recently raised its stake in Optical Cable stock. Royal Bank of Canada grew its position in shares of Optical Cable Co. (NASDAQ:OCC – Get Rating) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,933 shares of the communications equipment provider’s stock after purchasing an additional 15,300 shares during the period. Royal Bank of Canada owned about 1.46% of Optical Cable worth $487,000 at the end of the most recent reporting period. Institutional investors own 13.12% of the company’s stock.

About Optical Cable

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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.