Preformed Line Products (NASDAQ:PLPC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
PLPC opened at $76.88 on Friday. Preformed Line Products has a twelve month low of $55.41 and a twelve month high of $96.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.31 and a quick ratio of 2.02. The stock has a market cap of $388.33 million, a P/E ratio of 23.58 and a beta of 1.19.
Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings results on Friday, August 3rd. The technology company reported $1.33 earnings per share for the quarter. Preformed Line Products had a net margin of 4.77% and a return on equity of 7.94%. The firm had revenue of $108.92 million during the quarter.
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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