Optical Cable (NASDAQ:OCC) Issues Quarterly Earnings Results

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

Optical Cable Price Performance

Optical Cable stock opened at $3.39 on Wednesday. The company’s 50 day simple moving average is $4.58 and its 200-day simple moving average is $3.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The company has a market capitalization of $27.87 million, a price-to-earnings ratio of -6.28 and a beta of 0.31.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.