Precision Optics Co., Inc. (NASDAQ:POCI) Stock Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,268 shares of the company’s stock after buying an additional 25,530 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of Precision Optics worth $292,000 at the end of the most recent quarter.

Separately, Needham Investment Management LLC grew its holdings in shares of Precision Optics by 9.1% during the third quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $2,232,000 after purchasing an additional 33,283 shares during the last quarter. Institutional investors and hedge funds own 13.71% of the company’s stock.

Insider Buying and Selling

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 196,198 shares in the company, valued at $980,990. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Precision Optics Stock Performance

Shares of POCI stock opened at $4.88 on Tuesday. Precision Optics Co., Inc. has a 12-month low of $3.47 and a 12-month high of $6.90. The firm has a market capitalization of $30.99 million, a price-to-earnings ratio of -7.87 and a beta of 0.27. The business has a 50 day simple moving average of $4.99 and a 200 day simple moving average of $5.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 0.76.

About Precision Optics

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.