Precision Optics (NASDAQ:POCI) Trading Up 2% – What’s Next?

Precision Optics Co., Inc. (NASDAQ:POCI) was up 2% on Tuesday . The company traded as high as $5.10 and last traded at $5.10. Approximately 264 shares traded hands during trading, a decline of 97% from the average daily volume of 9,591 shares. The stock had previously closed at $5.00.

Precision Optics Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a market cap of $32.39 million, a P/E ratio of -8.23 and a beta of 0.29. The stock’s 50-day moving average is $4.75 and its 200 day moving average is $5.32.

Precision Optics (NASDAQ:POCI) last announced its quarterly earnings data on Monday, September 30th. The company reported ($0.23) EPS for the quarter. The business had revenue of $4.72 million during the quarter. Precision Optics had a negative return on equity of 35.51% and a negative net margin of 20.01%.

Insider Activity at Precision Optics

In related news, Director Peter V. Anania sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 196,198 shares of the company’s stock, valued at approximately $980,990. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. Needham Investment Management LLC boosted its holdings in shares of Precision Optics Co., Inc. (NASDAQ:POCI) by 9.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the company’s stock after acquiring an additional 33,283 shares during the quarter. Needham Investment Management LLC owned 6.30% of Precision Optics worth $2,232,000 at the end of the most recent quarter. 13.71% of the stock is currently owned by institutional investors and hedge funds.

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.