Precision Optics (NASDAQ:POCI) Shares Up 2% – Here’s Why

Precision Optics Co., Inc. (NASDAQ:POCI) shot up 2% during trading on Tuesday . The company traded as high as $5.10 and last traded at $5.10. 264 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 9,591 shares. The stock had previously closed at $5.00.

Precision Optics Price Performance

The stock has a market capitalization of $32.39 million, a P/E ratio of -8.23 and a beta of 0.29. The firm has a fifty day moving average price of $4.76 and a two-hundred day moving average price of $5.32. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.17.

Precision Optics (NASDAQ:POCI) last issued its earnings results on Monday, September 30th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $4.72 million during the quarter. Precision Optics had a negative return on equity of 35.51% and a negative net margin of 20.01%.

Insider Transactions at Precision Optics

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Precision Optics stock. Geode Capital Management LLC lifted its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,268 shares of the company’s stock after purchasing an additional 25,530 shares during the period. Geode Capital Management LLC owned about 0.82% of Precision Optics worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 13.71% of the company’s stock.

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.