Optical Cable (NASDAQ:OCC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Optical Cable Co. (NASDAQ:OCC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.63 and traded as high as $4.38. Optical Cable shares last traded at $4.35, with a volume of 350,484 shares changing hands.

Optical Cable Stock Performance

The company has a quick ratio of 1.42, a current ratio of 4.18 and a debt-to-equity ratio of 0.48. The firm has a market cap of $38.88 million, a PE ratio of -6.22 and a beta of 0.31. The firm has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $2.64.

Optical Cable (NASDAQ:OCC) last issued its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 EPS for the quarter. Optical Cable had a negative net margin of 9.07% and a negative return on equity of 25.06%.

Institutional Trading of Optical Cable

A hedge fund recently raised its stake in Optical Cable stock. Legacy Financial Advisors Inc. lifted its position in Optical Cable Co. (NASDAQ:OCC) by 27.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 about 1.31% of Optical Cable worth $281,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.61% of the company’s stock.

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.