Preformed Line Products (PLPC) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Preformed Line Products (NASDAQ:PLPC) from a buy rating to a hold rating in a research report released on Wednesday.

Separately, BidaskClub raised Preformed Line Products from a sell rating to a hold rating in a research report on Tuesday, November 27th.

Shares of PLPC traded up $2.77 on Wednesday, hitting $57.20. The company’s stock had a trading volume of 13,047 shares, compared to its average volume of 9,816. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.90 and a current ratio of 3.07. Preformed Line Products has a fifty-two week low of $49.40 and a fifty-two week high of $96.83. The firm has a market capitalization of $271.91 million, a PE ratio of 12.56 and a beta of 1.27.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $1.76 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 9.07% and a net margin of 5.34%. The business had revenue of $108.41 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, December 31st.

A number of large investors have recently added to or reduced their stakes in the business. Federate....

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