Preformed Line Products (NASDAQ:PLPC) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Shares of Preformed Line Products (NASDAQ:PLPC - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $125.65 and traded as low as $120.86. Preformed Line Products shares last traded at $123.44, with a volume of 8,587 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 19th.

Preformed Line Products Trading Down 0.1 %

The company has a market cap of $603.87 million, a P/E ratio of 18.51 and a beta of 0.63. The business has a fifty day simple moving average of $132.24 and a 200 day simple moving average of $125.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 EPS for the quarter. The firm had revenue of $146.97 million during the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Preformed Line Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, January 7th. Preformed Line Products's dividend payout ratio (DPR) is presently 12.01%.

Hedge Funds Weigh In On Preformed Line Products

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Preformed Line Products in the 3rd quarter valued at approximately $103,000. SG Americas Securities LLC acquired a new position in shares of Preformed Line Products during the third quarter valued at $119,000. Quest Partners LLC bought a new stake in shares of Preformed Line Products during the second quarter valued at about $196,000. BNP Paribas Financial Markets lifted its holdings in Preformed Line Products by 13.1% in the third quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company's stock worth $304,000 after purchasing an additional 274 shares during the period. Finally, Summit Global Investments bought a new position in Preformed Line Products in the 3rd quarter valued at about $345,000. Institutional investors and hedge funds 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.