Stocks That Fell to 3-Year Lows in the Week of Sept. 29

- By Shuda Xia

Optical Cable Corp. (OCC), Cherokee Inc. (CHKE), Frontier Communications Corp. (FTR) and World Fuel Services Corp. (INT) have declined to their three-year lows.

Optical Cable Corp. (OCC) declined to $2.15

The prices of Optical Cable Corp. shares have declined to $2.15 on Sept. 29, which is only 2.3% above the three-year low of $2.10.


Optical Cable Corp. is an American fiber optic cable manufacturer and distributor. The company manufactures a variety of high performance cabling and connectivity solutions for a variety of industries, including the military and the broadcasting market. The company is the second largest manufacturer of multimode fiber optic cable for the North American enterprise market.

Optical Cable Corp. has a market cap of $15.770 million; its shares were traded around $2.15 with and P/S ratio of 0.22.

On Sept. 12 Optical Cable Corp. reported financial results for the third quarter 2017 ended July 31. Consolidated net sales for the current quarter were $16.4 million, a 2.9% decrease compared to net sales of $16.9 million for the same quarter of 2016. Net sales increased 12.5% compared to net sales of $14.6 million for the first quarter of 2017.

Cherokee Inc. (CHKE) declined to $2.75

The prices of Cherokee Inc. shares have declined to $2.75 on Sept. 29, which is only 0.0% above the three-year low of $2.75.

Cherokee Inc. is an American international apparel and footwear company. The company owns fashion and lifestyle brands such as Cherokee, Cherokee Workwear, Carole Little, Tony Hawk Signature Apparel, 900 Tony hawk, Liz Lange and Saint Tropez. The company's products are available in 110 countries in 12,000 retail locations and on digital commerce.

Cherokee Inc. has a market cap of $38.350 million; its shares were traded around $2.75 with and P/S ratio of 0.69.

On Sept. 14 Cherokee Inc. announced that it has appointed John T. McClain to the company's board of directors. McClain will serve as an independent director of the company and chair the Board's Audit Committee effective immediately. McClain has served in various C-level and senior-advisory roles across a number of publicly traded and apparel enterprises.

Frontier Communications Corp. (FTR) declined to $11.79

The prices of Frontier Communications Corp. (FTR) shares have declined to $11.79 on Sept. 29, which is only 1.2% above the three-year low of $11.65.

Frontier Communications Corp. is an American telecommunications company. The company is the fourth largest provider of digital subscriber lines in the United States and offers broadband Internet, local and long-distance telephone service, digital television service and computer technical support. The company provides services to both residential and business customers in 29 states in the U.S.


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