Precision Optics (NASDAQ:POCI) Announces Quarterly Earnings Results

Precision Optics (NASDAQ:POCI) announced its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, Zacks reports. Precision Optics had a negative return on equity of 19.07% and a negative net margin of 8.43%. The firm had revenue of $4.72 million for the quarter.

Precision Optics Stock Down 5.9 %

Shares of POCI stock traded down $0.33 during trading on Tuesday, hitting $5.25. 963 shares of the company were exchanged, compared to its average volume of 7,659. Precision Optics has a twelve month low of $4.92 and a twelve month high of $6.90. The firm has a market capitalization of $31.89 million, a price-to-earnings ratio of -18.75 and a beta of 0.16. The business’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $5.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.64.

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.