Optical Cable Corp [NASDAQ: OCC] gained 58.10% or 1.22 points to close at $3.32 with a heavy trading volume of 36847956 shares.
The daily chart for OCC points out that the company has recorded 21.17% gains over the past six months.
If we look at the average trading volume of 7.94K shares, OCC reached to a volume of 36847956 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Optical Cable Corp [OCC]:
The Average True Range (ATR) for Optical Cable Corp is set at 0.46, with the Price to Sales ratio for OCC stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.10. Price to Free Cash Flow for OCC in the course of the last twelve months was 37.05 with Quick ratio for the last quarter at 1.42.
Trading performance analysis for OCC stock
Optical Cable Corp [OCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 61.17. With this latest performance, OCC shares gained by 38.33% in over the last four-week period, additionally plugging by 21.17% over the last 6 months – not to mention a rise of 25.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCC stock in for the last two-week period is set at 81.21, with the RSI for the last a single of trading hit 87.62, and the three-weeks RSI is set at 75.49 for Optical Cable Corp [OCC]. The present Moving Average for the last 50 days of trading for this stock 2.33, while it was recorded at 2.34 for the last single week of trading, and 2.68 for the last 200 days.
Optical Cable Corp [OCC]: A deeper dive into fundamental analysis
Optical Cable Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.42 and a Current Ratio set at 4.18.
An analysis of Institutional ownership at Optical Cable Corp [OCC]
There are presently around $16.46%, or 25.18%% of OCC stock, in the hands of institutional investors. The top three institutional holders of OCC stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 0.31 million shares, which is approximately 4.0047%. VANGUARD GROUP INC, holding 0.22 million shares of the stock with an approximate value of $$0.61 million in OCC stocks shares; and VANGUARD GROUP INC, currently with $$0.34 million in OCC stock with ownership which is approximately 1.6039%.
