Optical Cable (NASDAQ:OCC) Posts Quarterly Earnings Results

Optical Cable (NASDAQ:OCC) posted its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.20) earnings per share (EPS) for the quarter, reports. The firm had revenue of $16.22 million for the quarter. Optical Cable had a negative return on equity of 24.27% and a negative net margin of 9.07%.

Optical Cable Stock Performance

Shares of OCC stock opened at $2.84 on Friday. The company has a market cap of $22.41 million, a price-to-earnings ratio of -5.16 and a beta of 0.45. Optical Cable has a 52 week low of $2.26 and a 52 week high of $3.53. The company has a quick ratio of 1.40, a current ratio of 4.41 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $2.74 and a 200-day moving average of $2.81.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently raised its position in Optical Cable stock. Legacy Financial Advisors Inc. lifted its position in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,625 shares of the communications equipment provider’s stock after acquiring an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned approximately 1.31% of Optical Cable worth $281,000 at the end of the most recent quarter. 13.61% of the stock is owned by hedge funds and other institutional investors.

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.