Clearfield Inc. (NASDAQ:CLFD) saw strong trading volume on Tuesday . 82,235 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 64,271 shares.The stock last traded at $18.01 and had previously closed at $19.00.

Separately, Zacks Investment Research cut shares of Clearfield from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.

The company has a market cap of $250.45 million and a price-to-earnings ratio of 37.81. The company has a 50-day moving average of $18.64 and a 200 day moving average of $16.86.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $21.60 million for the quarter, compared to the consensus estimate of $17.85 million. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Equities analysts forecast that Clearfield Inc. will post $0.50 EPS for the current fiscal year.

In other news, CEO Cheryl Beranek sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $19.21, for a total transaction of $192,100.00. Following the transaction, the chief executive officer now owns 592,025 shares in the company, valued at approximately $11,372,800.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

An institutional investor recently raised its position in Clearfield stock. Royce & Associates LLC raised its position in shares of Clearfield Inc. (NASDAQ:CLFD) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,600 shares of the company’s stock after buying an additional 29,800 shares during the period. Royce & Associates LLC owned 1.08% of Clearfield worth $1,979,000 at the end of the most recent quarter.

Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies.

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