Optical Cable (NASDAQ:OCC – Get Free Report) released its quarterly earnings data on Monday. The communications equipment provider reported ($0.14) EPS for the quarter, RTT News reports. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.
Optical Cable Stock Performance
Shares of OCC opened at $3.37 on Tuesday. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. 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 company has a market cap of $27.70 million, a PE ratio of -6.24 and a beta of 0.31. The stock has a 50-day moving average price of $4.59 and a 200-day moving average price of $3.26.
Wall Street Analyst Weigh In
Separately, StockNews.com cut 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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