Somewhat Positive Press Coverage Somewhat Unlikely to Impact Optical Cable (OCC) Share Price
Media headlines about Optical Cable (NASDAQ:OCC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive 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. Optical Cable earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 46.3231627277527 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, TheStreet raised Optical Cable from a “d+” rating to a “c-” rating in a research report on Friday, June 22nd.
OCC stock traded up $0.04 during trading on Friday, reaching $3.68. 2,287 shares of the company traded hands, compared to its average volume of 15,890. Optical Cable has a 12 month low of $2.13 and a 12 month high of $4.30. The company has a quick ratio of 1.50, a current ratio of 2.80 and a debt-to-equity ratio of 0.53.
In other Optical Cable news, Chairman Neil D. Wilkin, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $3.50, for a total value of $35,000.00. Following the completion of the sale, the chairman now directly owns 1,074,405 shares in the company, valued at $3,760,417.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 24.30% of the company’s stock.
Optical Cable Company Profile
Optical Cable Corporation, together with its subsidiaries, manufactures and sells 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 cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair.
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