Precision Optics (NASDAQ:POCI) Trading Down 5.7% – Here’s Why

Precision Optics Corp. (NASDAQ:POCI)’s stock price fell 5.7% during trading on Monday . The company traded as low as $5.00 and last traded at $5.32. 31,385 shares traded hands during trading, a decline of 2% from the average session volume of 32,128 shares. The stock had previously closed at $5.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Precision Optics in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Precision Optics Stock Down 5.7%

The stock’s fifty day moving average price is $4.51 and its 200-day moving average price is $4.50. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $41.07 million, a price-to-earnings ratio of -6.33 and a beta of 0.31.

Precision Optics (NASDAQ:POCI) last released its earnings results on Thursday, November 13th. The company reported ($0.21) earnings per share for the quarter. Precision Optics had a negative net margin of 28.31% and a negative return on equity of 53.29%. The business had revenue of $6.68 million during the quarter.

Institutional Trading of Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. Geode Capital Management LLC raised its stake in Precision Optics Corp. (NASDAQ:POCI) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,436 shares of the company’s stock after purchasing an additional 1,926 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Precision Optics worth $245,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.71% of the company’s stock.

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.