Preformed Line Products (PLPC) Downgraded to “Strong Sell” at BidaskClub
BidaskClub cut shares of Preformed Line Products (NASDAQ:PLPC) from a sell rating to a strong sell rating in a report published on Tuesday.
Separately, ValuEngine raised Preformed Line Products from a hold rating to a buy rating in a report on Thursday, December 20th.
NASDAQ PLPC opened at $52.88 on Tuesday. The stock has a market capitalization of $271.72 million, a P/E ratio of 10.26 and a beta of 1.26. Preformed Line Products has a twelve month low of $49.40 and a twelve month high of $96.83. The company has a quick ratio of 1.90, a current ratio of 3.08 and a debt-to-equity ratio of 0.10.
About Preformed Line Products
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.
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