Posted by admin on Jun 30th, 2022
Optical Cable Co. (NASDAQ:OCC – Get Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.36 and traded as low as $3.86. Optical Cable shares last traded at $3.86, with a volume of 274 shares.
The company’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $4.36. The company has a current ratio of 3.80, a quick ratio of 1.59 and a debt-to-equity ratio of 0.54. The stock has a market cap of $30.50 million, a P/E ratio of 6.90 and a beta of 0.66.
Several large investors have recently modified their holdings of OCC. Royal Bank of Canada raised its stake in Optical Cable by 15.4% during the 1st quarter. Royal Bank of Canada now owns 114,933 shares of the communications equipment provider’s stock worth $487,000 after acquiring an additional 15,300 shares during the period. Harrison & Co Wealth Management LLC bought a new stake in Optical Cable during the 4th quarter worth approximately $97,000. Finally, Renaissance Technologies LLC raised its stake in Optical Cable by 11.7% during the 3rd quarter. Renaissance Technologies LLC now owns 147,903 shares of the communications equipment provider’s stock worth $553,000 after acquiring an additional 15,500 shares during the period. Hedge funds and other institutional investors own 13.33% of the company’s stock.
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 and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.
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