Precision Optics (NASDAQ:POCI) Shares Up 0.7% – Here’s What Happened

by · The Cerbat Gem

Precision Optics Corp. (NASDAQ:POCI – Get Free Report)’s share price rose 0.7% during mid-day trading on Thursday . The stock traded as high as $4.43 and last traded at $4.38. Approximately 7,030 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 9,401 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Precision Optics currently has an average rating of “Sell”.

View Our Latest Analysis on Precision Optics

Precision Optics Price Performance

The firm has a fifty day moving average of $4.33 and a 200 day moving average of $4.48. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $33.77 million, a P/E ratio of -5.21 and a beta of 0.26.

Precision Optics (NASDAQ:POCI – Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported ($0.21) earnings per share (EPS) for the quarter. Precision Optics had a negative net margin of 28.31% and a negative return on equity of 53.29%. The company had revenue of $6.68 million for the quarter.

Hedge Funds Weigh In On Precision Optics

An institutional investor recently bought a new position in Precision Optics stock. Citadel Advisors LLC purchased a new position in Precision Optics Corp. (NASDAQ:POCI – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,198 shares of the company’s stock, valued at approximately $49,000. Citadel Advisors LLC owned about 0.15% of Precision Optics at the end of the most recent reporting period. Institutional investors and hedge funds own 13.71% of the company’s stock.

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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