Shares of Precision Optics Corp. (NASDAQ:POCI – Get Free Report) traded up 0.9% on Monday . The stock traded as high as $4.30 and last traded at $4.30. 7,870 shares changed hands during trading, a decline of 73% from the average session volume of 29,461 shares. The stock had previously closed at $4.26.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Precision Optics
Precision Optics Stock Performance
Precision Optics (NASDAQ:POCI – Get Free Report) last released its earnings results on Monday, September 29th. The company reported ($0.18) EPS for the quarter. The company had revenue of $6.18 million for the quarter. Precision Optics had a negative net margin of 30.28% and a negative return on equity of 51.33%. Precision Optics has set its FY 2026 guidance at EPS.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in POCI. HighTower Advisors LLC boosted its holdings in shares of Precision Optics by 34.9% during the first quarter. HighTower Advisors LLC now owns 96,565 shares of the company’s stock worth $401,000 after purchasing an additional 25,000 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of Precision Optics by 2.7% during the first quarter. WealthTrust Axiom LLC now owns 253,909 shares of the company’s stock worth $1,054,000 after purchasing an additional 6,629 shares during the period. Finally, Needham Investment Management LLC boosted its holdings in shares of Precision Optics by 63.7% during the first quarter. Needham Investment Management LLC now owns 700,000 shares of the company’s stock worth $2,905,000 after purchasing an additional 272,500 shares during the period. 13.71% of the stock is owned by hedge funds and other 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.
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