Optical Cable (NASDAQ:OCC) Stock Passes Above 200-Day Moving Average of $2.74

Optical Cable Co. (NASDAQ:OCC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.74 and traded as high as $2.78. Optical Cable shares last traded at $2.71, with a volume of 5,234 shares traded.

Analysts Set New Price Targets

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

Optical Cable Trading Down 3.2 %

The company has a quick ratio of 1.31, a current ratio of 4.73 and a debt-to-equity ratio of 0.43. The firm has a market cap of $21.27 million, a price-to-earnings ratio of -90.30 and a beta of 0.51. The business has a 50 day moving average price of $2.89 and a 200-day moving average price of $2.74.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings data on Wednesday, March 13th. The communications equipment provider reported ($0.18) earnings per share for the quarter. Optical Cable had a negative net margin of 0.24% and a negative return on equity of 6.09%. The business had revenue of $14.86 million for the quarter.

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.