Citadel Advisors LLC Invests $93,000 in Precision Optics Co., Inc. (NASDAQ:POCI)

Citadel Advisors LLC bought a new position in shares of Precision Optics Co., Inc. (NASDAQ:POCI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,242 shares of the company’s stock, valued at approximately $93,000. Citadel Advisors LLC owned about 0.30% of Precision Optics at the end of the most recent quarter.

Separately, WealthTrust Axiom LLC grew its holdings in shares of Precision Optics by 3.9% during the 4th quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock worth $1,192,000 after purchasing an additional 9,366 shares in the last quarter. 13.71% of the stock is currently owned by institutional investors and hedge funds.

Precision Optics Stock Performance

NASDAQ:POCI opened at $4.64 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $35.57 million, a PE ratio of -7.25 and a beta of 0.21. Precision Optics Co., Inc. has a twelve month low of $3.47 and a twelve month high of $6.59. The stock’s 50-day simple moving average is $4.33 and its 200 day simple moving average is $4.65.

Precision Optics (NASDAQ:POCI) last issued its earnings results on Thursday, May 15th. The company reported ($0.30) earnings per share for the quarter. The business had revenue of $4.19 million during the quarter. Precision Optics had a negative return on equity of 39.17% and a negative net margin of 21.46%.

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.