Optical Cable (NASDAQ:OCC) Share Price Crosses 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 Tuesday . The stock has a two hundred day moving average of $2.81 and traded as high as $2.87. Optical Cable shares last traded at $2.70, with a volume of 5,553 shares traded.

Optical Cable Trading Down 2.6 %

The firm has a market cap of $21.31 million, a P/E ratio of -4.91 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 4.41 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $2.74 and its 200 day simple moving average is $2.81.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings data on Wednesday, September 11th. The communications equipment provider reported ($0.20) EPS for the quarter. The company had revenue of $16.22 million during the quarter. Optical Cable had a negative return on equity of 24.27% and a negative net margin of 9.07%.

Institutional Trading of Optical Cable

A hedge fund recently raised its stake in Optical Cable stock. Legacy Financial Advisors Inc. grew its holdings in Optical Cable Co. (NASDAQ:OCC) by 27.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,625 shares of the communications equipment provider’s stock after purchasing an additional 22,609 shares during the period. Legacy Financial Advisors Inc. owned approximately 1.31% of Optical Cable worth $281,000 at the end of the most recent quarter. 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.