Optical Cable (NASDAQ:OCC) Rating Increased to Buy at StockNews.com

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

Optical Cable Price Performance

Optical Cable stock opened at $3.29 on Monday. The firm has a market capitalization of $26.97 million, a P/E ratio of -6.09 and a beta of 0.31. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The business has a 50-day moving average of $4.50 and a 200-day moving average of $3.28. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52.

Optical Cable (NASDAQ:OCC) last posted its earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can acquired a new stake in Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 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 SEC. Hedge funds and other institutional investors own 13.61% of the company’s stock.

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.