Precision Optics (NASDAQ:POCI) Stock Price Down 6.3%

Precision Optics Co., Inc. (NASDAQ:POCI)’s share price traded down 6.3% on Tuesday . The company traded as low as $5.69 and last traded at $5.69. 9,135 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 5,573 shares. The stock had previously closed at $6.07.

Precision Optics Stock Performance

The business’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $5.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.64. The stock has a market capitalization of $34.54 million, a P/E ratio of -20.32 and a beta of 0.09.

Precision Optics (NASDAQ:POCI) last posted its earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $5.24 million during the quarter. Precision Optics had a negative return on equity of 19.07% and a negative net margin of 8.43%.

Hedge Funds Weigh In On Precision Optics

Several hedge funds have recently added to or reduced their stakes in POCI. WealthTrust Axiom LLC boosted its position in Precision Optics by 9.0% in the 4th quarter. WealthTrust Axiom LLC now owns 187,975 shares of the company’s stock valued at $1,132,000 after buying an additional 15,502 shares during the period. AMH Equity Ltd purchased a new stake in Precision Optics in the 4th quarter valued at about $845,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Precision Optics in the 1st quarter valued at about $149,000. 13.71% of the stock is currently owned by institutional investors.

Precision Optics Company Profile

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.