It is currently trading at $70.01 a bit higher than the 50 day moving average of $64.59 and much higher than the 200 day moving average of $53.27. The 50 day moving average went up $5.42 or +8.39% whereas the 200 day moving average was up $16.74 or +31.43%. Trading volume for Preformed Line Products Company was 607 on Tuesday. Shares saw a steep decrease in trading volume of 92.30% under the normal average daily volume.
Traders are a little more bullish on shares of the company of late if you consider the decrease in short interest. The stock had a fall in short interest of -11.87% between September 15, 2017 and September 29, 2017. Short interest fell from 46,050 to 40,584 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Boston Partners had sold 8,728 shares trimming its position 20.4%. The value of the total investment in Preformed Line Products Company decreased from $2,231,000 to $1,581,000 decreasing 29.1% since the last quarter. Ubs Group Ag expanded its holdings by buying 263 shares an increase of 2,191.7% in the quarter. Ubs Group Ag owns 275 shares valued at $13,000. The value of the position overall is up by 1,200.0%.
Euclidean Technologies Management, LLC cut its ownership by selling 1,600 shares a decrease of 4.4%. Euclidean Technologies Management, LLC claims 34,860 shares worth $1,618,000. The total value of its holdings decreased 14.9%. As of the end of the quarter Dalton Greiner Hartman Maher & Co had acquired a total of 2,372 shares growing its stake by 2.9%. The value in dollars went from $3,814,000 to $5,689,000 a change of $1,875,000 quarter to quarter.
The company is down by 3.10%% since yesterday’s close of 72.25. The company also announced a dividend for shareholders that was paid on Fri Oct 20, 2017. The dividend was $0.200 per share for the quarter or $0.80 annualized. This dividend amount was represent a yield of $1.09. The ex-dividend date was Friday the 29th of September 2017.
The company’s P/E ratio is 23.13 and the market cap is 358.10M.
Preformed Line Products Company (PLPC), launched on August 21, 1947, is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information (data communication) and other similar industries. The Business’s products support, protect, connect, terminate and secure cables and wires. It also provides solar hardware systems and mounting hardware for a range of solar power applications. PLPC’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products. The Company operates through four segments: PLP-USA (including corporate), The Americas (includes operations in North and South America without PLP-USA), EMEA (Europe, Middle East and Africa) and Asia-Pacific. The Business’s PLP-USA segment consists of its United States operations manufacturing its traditional products primarily supporting its domestic energy, telecommunications and solar products. The Americas, EMEA and Asia-Pacific support its energy, telecommunications, data communication and solar products in each respective geographical region..