Optical Cable (NASDAQ:OCC) Issues Quarterly Earnings Results

Optical Cable (NASDAQ:OCC) issued its quarterly earnings results on Monday. The communications equipment provider reported $0.05 earnings per share for the quarter, Zacks reports. Optical Cable had a negative return on equity of 25.06% and a negative net margin of 9.07%.

Optical Cable Trading Up 22.9 %

OCC stock traded up $0.48 during mid-day trading on Monday, reaching $2.58. The company’s stock had a trading volume of 157,898 shares, compared to its average volume of 6,589. The business’s 50 day moving average price is $2.31 and its 200 day moving average price is $2.58. The company has a market cap of $21.21 million, a price-to-earnings ratio of -3.39 and a beta of 0.44. The company has a current ratio of 4.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.48. Optical Cable has a 12 month low of $2.02 and a 12 month high of $3.53.

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.