Optical Cable (NASDAQ:OCC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Optical Cable Co. (NASDAQ:OCC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.80 and traded as high as $4.95. Optical Cable shares last traded at $4.86, with a volume of 24,145 shares.

Optical Cable Price Performance

The company’s 50-day moving average is $3.13 and its 200-day moving average is $2.81. 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 firm has a market cap of $48.58 million, a price-to-earnings ratio of -10.94 and a beta of 0.31.

Optical Cable (NASDAQ:OCC) last issued 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 6.31% and a negative return on equity of 19.50%.

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.