Optical Cable (NASDAQ:OCC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Optical Cable Co. (NASDAQ:OCC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.03 and traded as high as $5.19. Optical Cable shares last traded at $4.70, with a volume of 51,241 shares trading hands.

Optical Cable Stock Down 7.3 %

The company’s fifty day simple moving average is $3.85 and its 200-day simple moving average is $3.03. The firm has a market capitalization of $38.63 million, a PE ratio of -8.70 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74.

Optical Cable (NASDAQ:OCC) last announced its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Optical Cable Company Profile

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.