Optical Cable (NASDAQ:OCC) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Optical Cable Co. (NASDAQ:OCC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.61 and traded as low as $2.07. Optical Cable shares last traded at $2.17, with a volume of 10,474 shares traded.

Optical Cable Stock Down 1.4 %

The business has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.60. The company has a market capitalization of $17.59 million, a price-to-earnings ratio of -2.82 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 4.18 and a debt-to-equity ratio of 0.48.

Optical Cable (NASDAQ:OCC) last posted its quarterly earnings data on Wednesday, September 11th. The communications equipment provider reported ($0.20) EPS for the quarter. Optical Cable had a negative return on equity of 25.06% and a negative net margin of 9.07%. The firm had revenue of $16.22 million during the quarter.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently raised its position in Optical Cable stock. Legacy Financial Advisors Inc. lifted its holdings in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,625 shares of the communications equipment provider’s stock after purchasing an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned approximately 1.31% of Optical Cable worth $281,000 as of its most recent SEC filing. 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.