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

Optical Cable Co. (NASDAQ:OCC) shares passed 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 trading hands.

The firm has a 50 day moving average of $3.16 and a 200-day moving average of $3.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.15.

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

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

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Optical Cable by 104.8% in the 2nd quarter. BlackRock Inc. now owns 17,987 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 9,205 shares during the last quarter. Vanguard Group Inc. increased its stake in Optical Cable by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,123 shares of the communications equipment provider’s stock worth $676,000 after acquiring an additional 6,440 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Optical Cable by 6.6% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 111,901 shares of the communications equipment provider’s stock worth $461,000 after purchasing an additional 6,901 shares during the period. 14.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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