Optical Cable (NASDAQ:OCC) Share Price Crosses Below 200-Day Moving Average of $3.64

Optical Cable Co. (NASDAQ:OCC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.64 and traded as low as $3.21. Optical Cable shares last traded at $3.21, with a volume of 289 shares changing hands.

The business has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $3.64. The company has a current ratio of 2.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25.

Optical Cable (NASDAQ:OCC) last announced its earnings results on Monday, September 16th. The communications equipment provider reported ($0.15) EPS for the quarter. Optical Cable had a negative net margin of 7.31% and a negative return on equity of 22.56%. The firm had revenue of $17.37 million for the quarter.

In related news, insider Lidgren Lars 500,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. 24.00% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Optical Cable by 4.1% in the second quarter. Vanguard Group Inc. now owns 164,123 shares of the communications equipment provider’s stock valued at $676,000 after purchasing an additional 6,440 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in shares of Optical Cable by 6.6% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 111,901 shares of the communications equipment provider’s stock valued at $461,000 after purchasing an additional 6,901 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Optical Cable by 104.8% in the second quarter. BlackRock Inc. now owns 17,987 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 9,205 shares during the last quarter. 14.04% of the stock is owned by hedge funds and other institutional investors.

Optical Cable Company Profile (NASDAQ:OCC)

Optical Cable Corporation, together with its subsidiaries, manufactures and sells 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 cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair.

Featured Article: How does equity income fit into an investing strategy?

Receive News & Ratings for Optical Cable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Optical Cable and related companies with MarketBeat.com's FREE daily email newsletter.