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

Optical Cable (NASDAQ:OCC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Optical Cable Price Performance

Shares of OCC stock opened at $3.23 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 firm’s 50-day moving average is $4.47 and its two-hundred day moving average is $3.28. Optical Cable has a 12 month low of $2.02 and a 12 month high of $7.00. The company has a market capitalization of $26.48 million, a PE ratio of -5.98 and a beta of 0.31.

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

Hedge Funds Weigh In On Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can purchased a new stake in Optical Cable Co. (NASDAQ:OCC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC. 13.61% of the stock is owned by institutional investors.

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.