Optical Cable (NASDAQ:OCC) Posts Earnings Results

Optical Cable (NASDAQ:OCC) released its quarterly earnings results on Monday. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, RTT News reports. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Optical Cable Price Performance

OCC stock opened at $3.94 on Monday. The company has a market capitalization of $32.39 million, a PE ratio of -7.30 and a beta of 0.31. The company’s fifty day moving average price is $4.60 and its 200-day moving average price is $3.25. Optical Cable has a one year low of $2.02 and a one year 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Optical Cable from a “buy” rating to a “hold” rating in a research note on Sunday.

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.