Optical Cable (NASDAQ:OCC) Shares Pass Above 200 Day Moving Average of $2.81

Shares of Optical Cable Co. (NASDAQ:OCC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.81 and traded as high as $2.84. Optical Cable shares last traded at $2.81, with a volume of 1,299 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of Optical Cable from a “c” rating to a “d+” rating in a report on Thursday, March 14th.

Optical Cable Stock Up 2.4 %

The company has a market cap of $22.17 million, a price-to-earnings ratio of -5.11 and a beta of 0.44. The company has a current ratio of 4.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $2.81 and its 200-day moving average price is $2.81.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings results on Monday, June 10th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 6.43% and a negative return on equity of 17.54%. The firm had revenue of $16.11 million during the quarter.

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.