Optical Cable (NASDAQ:OCC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Optical Cable (NASDAQ:OCC) from a hold rating to a buy rating in a report issued on Saturday.

Optical Cable Trading Down 1.2 %

Optical Cable stock opened at $4.04 on Friday. Optical Cable has a 52 week low of $2.02 and a 52 week high of $7.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. The stock has a market capitalization of $33.21 million, a P/E ratio of -7.48 and a beta of 0.34. The stock has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $3.22.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings data on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can purchased a new stake in Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent quarter. 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.