Preformed Line Products (PLPC) Getting Favorable News Coverage, Study Shows
Media stories about Preformed Line Products (NASDAQ:PLPC) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preformed Line Products earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 48.2030733667608 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, BidaskClub lowered Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd.
Preformed Line Products (NASDAQ:PLPC) opened at $81.50 on Friday. Preformed Line Products has a 52 week low of $44.50 and a 52 week high of $85.63. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $419.48, a price-to-earnings ratio of 24.47 and a beta of 1.33.
Preformed Line Products announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to buyback 250,000 outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, December 29th. Preformed Line Products’s dividend payout ratio (DPR) is 24.02%.
In related news, VP J Cecil Curlee, Jr. sold 3,130 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $68.50, for a total transaction of $214,405.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 37.70% of the company’s stock.
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Preformed Line Products Company Profile
Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.
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