Optical Cable (NASDAQ:OCC – Get Free Report) released its quarterly earnings results on Thursday. The communications equipment provider reported $0.04 earnings per share for the quarter, Zacks reports. Optical Cable had a negative return on equity of 14.94% and a negative net margin of 4.33%.
Optical Cable Price Performance
Shares of OCC stock opened at $8.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.89 and a quick ratio of 0.67. The firm has a market cap of $70.45 million, a price-to-earnings ratio of -22.53 and a beta of 0.37. The stock’s fifty day simple moving average is $5.57 and its 200 day simple moving average is $3.92. Optical Cable has a one year low of $2.02 and a one year high of $8.89.
Institutional Trading of Optical Cable
A hedge fund recently raised its stake in Optical Cable stock. Royal Bank of Canada grew its holdings in Optical Cable Corporation (NASDAQ:OCC – Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,769 shares of the communications equipment provider’s stock after acquiring an additional 9,535 shares during the quarter. Royal Bank of Canada owned 1.52% of Optical Cable worth $348,000 at the end of the most recent reporting period. 13.61% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Optical Cable
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.
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