Optical Cable (OCC) Posts Quarterly Earnings
Optical Cable (NYSE:OCC) posted its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, American Banking and Market News reports. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $22.00 million.
A number of analysts have recently weighed in on OCC shares. Analysts at TheStreet downgraded shares of Optical Cable (NYSE:OCC) to a “hold” rating in a research note to investors on Thursday, July 11th.
Optical Cable (NYSE:OCC) opened at 4.4066 on Thursday. Optical Cable has a 52 week low of $3.22 and a 52 week high of $4.94. The stock has a 50-day moving average of $4.32 and a 200-day moving average of $4.26. The company has a market cap of $27.5 million and a P/E ratio of 15.91.
Optical Cable Corporation is a manufacturer of a range of fiber optic and copper data communications cabling and connectivity solutions for enterprise market, offering a range of warranted products, which operate as a system solution or seamlessly integrate with other providers’ offerings.
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