Notable Stock to Watch: Preformed Line Products (NASDAQ:PLPC)

Preformed Line Products (NASDAQ:PLPC) spotted trading -47.59% off 52-week high price. On the other end, the stock has been noted 12.48% away from the low price over the last 52-weeks. The stock changed -3.44% to recent value of $50.75. The stock transacted 10037 shares during most recent day however it has an average volume of 12.32K shares. The company has 5.15M of outstanding shares and 2.98M shares were floated in the market.  

On June 20, 2019, Preformed Line Products (NASDAQ:PLPC) declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable July 19, 2019 to shareholders of record at the close of business on July 1, 2019.

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed’s world headquarters are in Mayfield Village, Ohio, and the Company operates two domestic manufacturing centers located in Rogers, Arkansas, and Albemarle, North Carolina.  The Company serves its worldwide market through international operations in Argentina, Australia, Austria, Brazil, Canada, China, Colombia, Czech Republic, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain and Thailand.

SOURCE Preformed Line Products Its earnings per share (EPS) expected to touch remained 31.70% for this year PLPC has a gross margin of 30.50% and an operating margin of 6.50% while its profit margin remained 5.40% for the last 12 months. 

 According to the most recent quarter its current ratio was 3.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.27% from the mean of 20 days, -2.32% from mean of 50 days SMA and performed -15.36% from mean of 200 days price. Company’s performance for the week was -0.82%, 1.28% for month and YTD performance remained -6.45%.

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