Preformed Line Products (NASDAQ:PLPC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Preformed Line Products Company (NASDAQ:PLPC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $187.46 and traded as high as $218.36. Preformed Line Products shares last traded at $215.18, with a volume of 96,150 shares changing hands.

Analyst Ratings Changes

PLPC has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Preformed Line Products in a report on Monday, December 15th. Wall Street Zen lowered shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Preformed Line Products Stock Performance

The company has a current ratio of 3.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $215.02 and a 200 day moving average price of $187.79. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 28.50 and a beta of 0.80.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.09 earnings per share for the quarter. Preformed Line Products had a return on equity of 10.09% and a net margin of 5.62%.The business had revenue of $178.09 million during the quarter.

Preformed Line Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, January 5th. This is a positive change from Preformed Line Products’s previous quarterly dividend of $0.20. Preformed Line Products’s payout ratio is 10.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bosun Asset Management LLC bought a new stake in shares of Preformed Line Products in the 2nd quarter worth about $903,000. TrueMark Investments LLC bought a new stake in shares of Preformed Line Products during the second quarter worth $2,521,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Preformed Line Products by 9.3% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 78,818 shares of the technology company’s stock valued at $12,596,000 after buying an additional 6,718 shares during the last quarter. American Century Companies Inc. lifted its position in Preformed Line Products by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 81,774 shares of the technology company’s stock worth $13,068,000 after buying an additional 9,637 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in Preformed Line Products by 9,919.7% during the 2nd quarter. Quantbot Technologies LP now owns 7,615 shares of the technology company’s stock worth $1,217,000 after acquiring an additional 7,539 shares during the last quarter. Institutional investors own 41.19% of the company’s stock.

About Preformed Line Products

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.