Optical Cable (NASDAQ:OCC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Optical Cable Co. (NASDAQ:OCC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.71 and traded as high as $4.83. Optical Cable shares last traded at $4.70, with a volume of 48,503 shares traded.

Optical Cable Stock Performance

The firm’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.71. The firm has a market capitalization of $38.63 million, a PE ratio of -6.18 and a beta of 0.31. The company has a quick ratio of 1.42, a current ratio of 4.18 and a debt-to-equity ratio of 0.48.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings data on Monday, December 23rd. The communications equipment provider reported $0.05 EPS for the quarter. Optical Cable had a negative net margin of 9.07% and a negative return on equity of 25.06%.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently raised its position in Optical Cable stock. Legacy Financial Advisors Inc. boosted its stake in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,625 shares of the communications equipment provider’s stock after acquiring an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned approximately 1.31% of Optical Cable worth $281,000 as of its most recent SEC filing. 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.