Preformed Line Products (NASDAQ:PLPC) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Shares of Preformed Line Products (PLPC) opened at $82.55 on Thursday. Preformed Line Products has a twelve month low of $44.50 and a twelve month high of $85.63. The firm has a market capitalization of $420.75, a price-to-earnings ratio of 24.79 and a beta of 1.33. The company has a current ratio of 3.15, a quick ratio of 2.00 and a debt-to-equity ratio of 0.13.
Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings results on Friday, November 3rd. The technology company reported $1.23 earnings per share for the quarter. The firm had revenue of $99.24 million during the quarter. Preformed Line Products had a return on equity of 7.30% and a net margin of 4.64%.
In other Preformed Line Products news, VP J Cecil Curlee, Jr. sold 3,130 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $68.50, for a total value of $214,405.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Preformed Line Products in the 4th quarter valued at $157,000. The Manufacturers Life Insurance Company boosted its position in Preformed Line Products by 73.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,494 shares of the technology company’s stock valued at $162,000 after buying an additional 1,479 shares during the last quarter. First Quadrant L P CA bought a new position in Preformed Line Products in the 4th quarter valued at $173,000. New York State Common Retirement Fund boosted its position in Preformed Line Products by 95.8% in the 2nd quarter. New York State Common Retirement Fund now owns 4,700 shares of the technology company’s stock valued at $218,000 after buying an additional 2,299 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Preformed Line Products by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock valued at $220,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 45.15% of the company’s stock.
Preformed Line Products Company Profile
Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.
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