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Preformed Line Products Company (PLPC) Stock Rating Upgraded by TheStreet
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Preformed Line Products (PLPC) opened at 50.64 on Monday. The company has a market capitalization of $259.02 million, a price-to-earnings ratio of 16.73 and a beta of 1.18. The stock’s 50 day moving average price is $49.18 and its 200 day moving average price is $49.32. Preformed Line Products has a 12-month low of $39.93 and a 12-month high of $61.21.
Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Friday, August 4th. The technology company reported $0.81 EPS for the quarter. The business had revenue of $97.51 million during the quarter. Preformed Line Products had a net margin of 4.35% and a return on equity of 6.77%. On average, equities research analysts anticipate that Preformed Line Products will post $3.05 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in PLPC. The Manufacturers Life Insurance Company boosted its stake in Preformed Line Products by 73.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,494 shares of the technology company’s stock valued at $162,000 after buying an additional 1,479 shares during the period. New York State Common Retirement Fund boosted its stake in Preformed Line Products by 95.8% in the second quarter. New York State Common Retirement Fund now owns 4,700 shares of the technology company’s stock valued at $218,000 after buying an additional 2,299 shares during the period. Rhumbline Advisers boosted its stake in Preformed Line Products by 1.0% in the second quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock valued at $220,000 after buying an additional 45 shares during the period. Teachers Advisors LLC boosted its stake in Preformed Line Products by 28.4% in the second quarter. Teachers Advisors LLC now owns 4,849 shares of the technology company’s stock valued at $225,000 after buying an additional 1,073 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Preformed Line Products by 10.8% in the second quarter. California State Teachers Retirement System now owns 5,603 shares of the technology company’s stock valued at $260,000 after buying an additional 544 shares during the period. Hedge funds and other institutional investors own 43.70% of the company’s stock.
About Preformed Line Products
Preformed Line Products Company (PLPC) 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 and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.