Optical Cable (NASDAQ:OCC) Releases Earnings Results

Optical Cable (NASDAQ:OCC) posted its quarterly earnings data on Monday. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, RTT News reports. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.

Optical Cable Price Performance

Shares of OCC opened at $3.57 on Monday. The company has a 50 day moving average price of $4.60 and a 200-day moving average price of $3.25. The stock has a market capitalization of $29.35 million, a PE ratio of -6.52 and a beta of 0.31. Optical Cable has a fifty-two week low of $2.02 and a fifty-two week high of $7.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Optical Cable from a “buy” rating to a “hold” rating in a research note on Sunday.

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.