Optical Cable (NASDAQ:OCC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Optical Cable Co. (NASDAQ:OCC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.21 and traded as high as $4.05. Optical Cable shares last traded at $4.04, with a volume of 21,703 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Optical Cable from a “hold” rating to a “buy” rating in a report on Saturday.

Optical Cable Stock Performance

The company has a market capitalization of $33.21 million, a PE ratio of -7.48 and a beta of 0.34. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $3.21.

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

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 position in Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.