StockNews.com Initiates Coverage on Optical Cable (NASDAQ:OCC)

StockNews.com initiated coverage on shares of Optical Cable (NASDAQ:OCC) in a research report sent to investors on Tuesday. The firm issued a buy rating on the communications equipment provider’s stock.

Optical Cable Stock Performance

Shares of OCC stock opened at $2.79 on Tuesday. Optical Cable has a one year low of $2.02 and a one year high of $7.00. The firm has a market capitalization of $22.88 million, a price-to-earnings ratio of -5.17 and a beta of 0.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. The company has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.32.

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

Institutional Inflows and Outflows

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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. 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.