Optical Cable (NASDAQ:OCC) Upgraded at StockNews.com

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

Optical Cable Stock Up 1.9 %

Shares of NASDAQ:OCC opened at $3.29 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. The stock has a market cap of $26.97 million, a price-to-earnings ratio of -6.09 and a beta of 0.31. The company has a 50 day moving average of $4.44 and a 200-day moving average of $3.28. Optical Cable has a one year low of $2.02 and a one year high of $7.00.

Optical Cable (NASDAQ:OCC) last released its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) EPS for the quarter. The business had revenue of $15.74 million for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Institutional Investors Weigh In On Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can purchased a new stake in Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing. 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.