It is trading at $71.11 which is marginally over $67.30, the 50 day moving average and which is well above the 200 day moving average of $54.09. The 50 day moving average was up by +5.66% and the 200 day average went up by +31.46%. Preformed Line Products Company shares had a trading volume of 34K in the last trading session. Shares saw a steep increase in trading volume of 50.10% over the normal average daily volume.
Traders are a little more bullish recently if you watch the motion in short interest. The firm had a fall in short interest between September 29, 2017 and October 13, 2017 of -40.21%. Short shares decreased 16,319 over that timeframe. Days to cover decreased -1.0 to 1.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (PLPC). As of quarter end Boston Partners had disposed of a total of 8,728 shares trimming its holdings by 20.4%. The value of the investment in Preformed Line Products Company went from $2,231,000 to $1,581,000 a change of 29.1% for the reporting period. As of the end of the quarter Ubs Group Ag had bought 263 shares growing its stake by 2,191.7%. The value of the investment in PLPC increased from $1,000 to $13,000 a change of $12,000 quarter over quarter.
Euclidean Technologies Management, LLC reduced its ownership by shedding 1,600 shares a decrease of 4.4% from 03/31/2017 to 06/30/2017. Euclidean Technologies Management, LLC owns 34,860 shares worth $1,618,000. The value of the position overall is down by 14.9%. As of the end of the quarter Dalton Greiner Hartman Maher & Co had acquired 2,372 shares growing its position 2.9%. The value of the company’s investment in Preformed Line Products Company increased from $3,814,000 to $5,689,000 increasing 49.2% since the last quarter.
In the market the company is trading up by 2.46% percent from yesterday’s close. The company also declared a dividend paid on Friday the 20th of October 2017. The dividend was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $1.11. The ex-dividend date was set for Friday the 29th of September 2017.
The company’s P/E ratio is 23.49 and market cap is 363.73M.
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..