Optical Cable (NASDAQ:OCC) Stock Passes Above 200-Day Moving Average of $2.76

Optical Cable Co. (NASDAQ:OCC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.76 and traded as high as $3.08. Optical Cable shares last traded at $3.08, with a volume of 5,591 shares.

Analyst Ratings Changes

Separately, TheStreet cut Optical Cable from a “c” rating to a “d+” rating in a report on Thursday, March 14th.

Optical Cable Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.31 and a current ratio of 4.73. The stock’s 50 day moving average price is $2.91 and its 200 day moving average price is $2.76. The company has a market capitalization of $24.19 million, a P/E ratio of -102.67 and a beta of 0.49.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings results on Wednesday, March 13th. The communications equipment provider reported ($0.18) EPS for the quarter. Optical Cable had a negative net margin of 0.24% and a negative return on equity of 6.09%. The firm had revenue of $14.86 million for the quarter.

About Optical Cable

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.