Optical Cable (NASDAQ:OCC) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Optical Cable (NASDAQ:OCC) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Optical Cable Trading Down 3.4 %

Shares of Optical Cable stock opened at $4.25 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. The business has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $3.15. Optical Cable has a 12 month low of $2.02 and a 12 month high of $7.00.

Optical Cable (NASDAQ:OCC) last issued its earnings results 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 Trading of Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can bought a new stake in Optical Cable Co. (NASDAQ:OCC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.12% of Optical Cable at the end of the most recent quarter. 13.61% of the stock is currently owned by hedge funds and other institutional investors.

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.