Optical Cable (NASDAQ:OCC – Get Free Report) posted its quarterly earnings results on Monday. The communications equipment provider reported ($0.14) earnings per share 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 Trading Down 9.4 %
Shares of NASDAQ OCC opened at $3.57 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. Optical Cable has a 1-year low of $2.02 and a 1-year high of $7.00. The stock has a market capitalization of $29.35 million, a P/E ratio of -6.52 and a beta of 0.31. The business’s 50 day moving average is $4.60 and its two-hundred day moving average is $3.25.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Optical Cable from a “buy” rating to a “hold” rating in a research report on Sunday.
About Optical Cable
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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