Optical Cable (NASDAQ:OCC) Releases Earnings Results

Optical Cable (NASDAQ:OCC) released its earnings results on Monday. The communications equipment provider reported $0.12 EPS for the quarter, Zacks reports. Optical Cable had a negative return on equity of 4.14% and a negative net margin of 1.01%.

Optical Cable Stock Performance

Shares of NASDAQ:OCC opened at $12.30 on Monday. Optical Cable has a 12-month low of $2.48 and a 12-month high of $16.22. The company has a market capitalization of $108.61 million, a PE ratio of -136.65 and a beta of 0.62. The business has a 50 day moving average of $11.17 and a two-hundred day moving average of $7.94.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Gendell Jeffrey L lifted its holdings in Optical Cable by 47.4% in the fourth quarter. Gendell Jeffrey L now owns 415,340 shares of the communications equipment provider’s stock valued at $1,848,000 after acquiring an additional 133,510 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Optical Cable by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,932 shares of the communications equipment provider’s stock valued at $1,197,000 after acquiring an additional 4,497 shares during the period. Two Sigma Investments LP acquired a new position in Optical Cable in the third quarter valued at approximately $487,000. Royal Bank of Canada lifted its holdings in Optical Cable by 8.3% in the first quarter. Royal Bank of Canada now owns 124,769 shares of the communications equipment provider’s stock valued at $348,000 after acquiring an additional 9,535 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Optical Cable by 46.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 48,268 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 15,255 shares during the period. 13.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Optical Cable in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Optical Cable Company Profile

Optical Cable Corporation (NASDAQ: OCC) is a publicly traded designer and manufacturer of optical fiber and copper communications cable solutions. Headquartered in Roanoke, Virginia, the company develops a broad range of standard and custom cable assemblies, connectors, hardware and accessories. Its product portfolio addresses data transmission requirements in demanding environments, including long-haul telecommunications, industrial automation, defense systems and submersible applications.

The company’s offerings are organized across multiple product lines, encompassing outside-plant fiber optic cable for aerial and underground installations, indoor/outdoor copper connectivity and specialty engineered cable assemblies.