Precision Optics (NASDAQ:POCI) Shares Down 0.9% – What’s Next?

Shares of Precision Optics Corp. (NASDAQ:POCI) were down 0.9% on Monday . The company traded as low as $4.26 and last traded at $4.30. 27,661 shares traded hands during trading, a decline of 16% from the average daily volume of 33,081 shares. The stock had previously closed at $4.34.

Analyst Ratings Changes

Separately, Weiss Ratings raised Precision Optics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Precision Optics Stock Performance

The firm has a market cap of $47.04 million, a price-to-earnings ratio of -6.83 and a beta of 0.32. The stock’s 50 day moving average is $5.18 and its 200 day moving average is $4.74. The company has a current ratio of 2.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Precision Optics (NASDAQ:POCI) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Precision Optics had a negative net margin of 17.03% and a negative return on equity of 37.47%. The company had revenue of $8.71 million during the quarter.

Hedge Funds Weigh In On Precision Optics

A number of large investors have recently made changes to their positions in POCI. Jane Street Group LLC bought a new stake in Precision Optics in the 4th quarter valued at $48,000. DRW Securities LLC bought a new position in Precision Optics during the 4th quarter worth $94,000. Geode Capital Management LLC increased its position in Precision Optics by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock worth $245,000 after buying an additional 1,926 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Precision Optics during the third quarter worth $49,000. Finally, Needham Investment Management LLC lifted its holdings in shares of Precision Optics by 2.9% during the fourth quarter. Needham Investment Management LLC now owns 720,000 shares of the company’s stock worth $3,013,000 after buying an additional 20,000 shares in the last quarter. Institutional investors 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.