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

Optical Cable (NASDAQ:OCC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Sunday.

Optical Cable Trading Down 14.5 %

Optical Cable stock opened at $3.37 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 firm’s 50 day moving average price is $4.59 and its 200-day moving average price is $3.26. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The stock has a market cap of $27.70 million, a P/E ratio of -6.24 and a beta of 0.31.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.

Institutional Trading of 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) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.