Preformed Line Products (NASDAQ:PLPC) Stock Passes Above 200-Day Moving Average of $0.00

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Preformed Line Products (NASDAQ:PLPC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $57.99. Preformed Line Products shares last traded at $57.99, with a volume of 4 shares traded.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. TheStreet lowered shares of Zumiez from a “b” rating to a “c+” rating in a research note on Thursday, June 6th.

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.11 and a quick ratio of 1.88. The firm has a market cap of $290.40 million, a P/E ratio of 12.84 and a beta of 1.45. The stock’s 50 day simple moving average is $52.80.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Friday, May 3rd. The technology company reported $0.36 EPS for the quarter. The company had revenue of $97.15 million for the quarter. Preformed Line Products had a net margin of 5.45% and a return on equity of 9.29%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, July 1st will be paid a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in Preformed Line Products by 550.0% in the first quarter. BNP Paribas Arbitrage SA now owns 650 shares of the technology company’s stock valued at $35,000 after purchasing an additional 550 shares during the period. SG Americas Securities LLC acquired a new position in Preformed Line Products in the first quarter valued at $112,000. Bank of America Corp DE increased its stake in Preformed Line Products by 79.0% in the fourth quarter. Bank of America Corp DE now owns 2,180 shares of the technology company’s stock valued at $119,000 after purchasing an additional 962 shares during the period. Rhumbline Advisers increased its stake in Preformed Line Products by 45.0% in the fourth quarter. Rhumbline Advisers now owns 4,363 shares of the technology company’s stock valued at $237,000 after purchasing an additional 1,355 shares during the period. Finally, First Trust Advisors LP increased its stake in Preformed Line Products by 18.2% in the fourth quarter. First Trust Advisors LP now owns 4,881 shares of the technology company’s stock valued at $265,000 after purchasing an additional 750 shares during the period. Institutional investors own 44.80% of the company’s stock.

About Preformed Line Products (NASDAQ:PLPC)

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.

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