Optical Cable (NASDAQ:OCC) Upgraded by StockNews.com to “Buy” Rating

Posted by ABMN Staff on Mar 17th, 2025

Optical Cable (NASDAQ:OCC – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Optical Cable Price Performance

NASDAQ OCC opened at $3.31 on Monday. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The company has a market cap of $27.14 million, a PE ratio of -6.13 and a beta of 0.31. The stock’s 50-day moving average price is $4.53 and its two-hundred day moving average price is $3.28.

Optical Cable (NASDAQ:OCC – Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The communications equipment provider reported ($0.14) EPS for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%. The firm had revenue of $15.74 million during the quarter.

Institutional Investors Weigh In On Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can purchased a new position in shares of Optical Cable Co. (NASDAQ:OCC – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.12% of Optical Cable as of its most recent filing with the Securities and Exchange Commission (SEC). 13.61% of the stock is owned by hedge funds and other institutional investors.

Optical Cable Company Profile

(Get Free Report)

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.