Optical Cable (NASDAQ:OCC) Announces Quarterly Earnings Results

Optical Cable (NASDAQ:OCC) issued its quarterly earnings results on Monday. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, RTT News reports. The business had revenue of $15.74 million for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Optical Cable Stock Up 0.6 %

Optical Cable stock opened at $3.39 on Wednesday. The firm has a market capitalization of $27.87 million, a P/E ratio of -6.28 and a beta of 0.31. The stock’s fifty day simple moving average is $4.58 and its 200-day simple moving average is $3.26. Optical Cable has a twelve month low of $2.02 and a twelve month high of $7.00. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

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

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.