Precision Optics (NASDAQ:POCI) Stock Price Down 0.9% – Here’s What Happened

by · The Cerbat Gem

Precision Optics Corp. (NASDAQ:POCI – Get Free Report)’s share price dropped 0.9% on Monday . The company traded as low as $4.26 and last traded at $4.30. Approximately 27,661 shares were traded during trading, a decline of 16% from the average daily volume of 33,081 shares. The stock had previously closed at $4.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Precision Optics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Research Report on POCI

Precision Optics Trading Down 2.2%

The firm has a market cap of $48.71 million, a PE ratio of -7.06 and a beta of 0.32. The company’s fifty day moving average price is $5.18 and its two-hundred day moving average price is $4.74. The company has a quick ratio of 1.74, a current ratio of 2.10 and a debt-to-equity ratio of 0.04.

Precision Optics (NASDAQ:POCI – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $8.71 million for the quarter. Precision Optics had a negative return on equity of 37.47% and a negative net margin of 17.03%.

Institutional Trading of Precision Optics

Several hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Precision Optics in the third quarter valued at approximately $49,000. Geode Capital Management LLC lifted its holdings in Precision Optics by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after acquiring an additional 1,926 shares during the period. DRW Securities LLC acquired a new stake in Precision Optics in the fourth quarter valued at $94,000. Jane Street Group LLC purchased a new stake in shares of Precision Optics during the 4th quarter worth $48,000. Finally, WealthTrust Axiom LLC boosted its position in shares of Precision Optics by 2.7% during the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock worth $970,000 after purchasing an additional 6,158 shares in the last quarter. 13.71% of the stock is owned by institutional investors and hedge funds.

Precision Optics Company Profile

(Get Free Report)

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.

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