Preformed Line Products (NASDAQ:PLPC) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 12,500 shares, a decline of 36.5% from the June 15th total of 19,700 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is presently 1.2 days.

Shares of NASDAQ:PLPC traded down $0.22 during midday trading on Friday, reaching $57.70. 3,811 shares of the company’s stock were exchanged, compared to its average volume of 5,739. The stock has a 50 day moving average price of $54.41. The company has a current ratio of 3.11, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $292.98 million, a PE ratio of 12.96 and a beta of 1.45. Preformed Line Products has a fifty-two week low of $45.12 and a fifty-two week high of $88.56.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Friday, May 3rd. The technology company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $97.15 million during the quarter. Preformed Line Products had a return on equity of 9.29% and a net margin of 5.45%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, July 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, June 28th.

Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Preformed Line Products by 2.2% during the 4th quarter. BlackRock Inc. now owns 161,937 shares of the technology company’s stock worth $8,785,000 after purchasing an additional 3,503 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of Preformed Line Products by 7.7% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 85,924 shares of the technology company’s stock worth $4,562,000 after purchasing an additional 6,175 shares during the last quarter. Alambic Investment Management L.P. increased its position in shares of Preformed Line Products by 51.0% during the 1st quarter. Alambic Investment Management L.P. now owns 19,306 shares of the technology company’s stock worth $1,025,000 after purchasing an additional 6,518 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Preformed Line Products by 13.7% during the 4th quarter. Geode Capital Management LLC now owns 53,354 shares of the technology company’s stock worth $2,894,000 after purchasing an additional 6,425 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Preformed Line Products during the 1st quarter worth about $112,000. 44.55% of the stock is owned by hedge funds and other institutional investors.

PLPC has been the topic of several analyst reports. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. TheStreet downgraded Zumiez from a “b” rating to a “c+” rating in a research report on Thursday, June 6th.

Preformed Line Products Company Profile

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.

Further Reading: What is a front-end load?

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