Preformed Line Products (NASDAQ:PLPC) Raised to “Strong-Buy” at StockNews.com

Preformed Line Products (NASDAQ:PLPC) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Preformed Line Products Trading Up 0.2 %

NASDAQ PLPC traded up $0.24 during trading on Tuesday, hitting $151.20. The stock had a trading volume of 36,147 shares, compared to its average volume of 15,619. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The stock has a market capitalization of $747.08 million, a price-to-earnings ratio of 22.70 and a beta of 0.62. Preformed Line Products has a one year low of $109.01 and a one year high of $154.90. The stock has a 50 day simple moving average of $134.53 and a 200 day simple moving average of $129.92.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported $2.13 earnings per share (EPS) for the quarter. The business had revenue of $167.12 million during the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Institutional Trading of Preformed Line Products

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Preformed Line Products in the third quarter worth about $103,000. SG Americas Securities LLC raised its stake in shares of Preformed Line Products by 13.1% during the fourth quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company’s stock valued at $135,000 after acquiring an additional 122 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Preformed Line Products by 28.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company’s stock valued at $180,000 after acquiring an additional 314 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Preformed Line Products by 13.1% during the third quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock valued at $304,000 after acquiring an additional 274 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Preformed Line Products by 62.4% during the third quarter. Quest Partners LLC now owns 2,554 shares of the technology company’s stock valued at $327,000 after acquiring an additional 981 shares in the last quarter. Institutional investors own 41.19% of the company’s stock.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.