Precision Optics (NASDAQ:POCI) Issues Earnings Results

Precision Optics (NASDAQ:POCI) released its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09, FiscalAI reports. Precision Optics had a negative net margin of 17.03% and a negative return on equity of 37.47%. The company had revenue of $8.77 million during the quarter, compared to analysts’ expectations of $7.10 million.

Precision Optics Stock Down 2.2%

Shares of POCI stock traded down $0.10 on Monday, reaching $4.53. 98,116 shares of the stock were exchanged, compared to its average volume of 38,368. The company has a market capitalization of $49.56 million, a price-to-earnings ratio of -7.19 and a beta of 0.32. The business’s 50 day moving average price is $4.36 and its 200 day moving average price is $4.63. 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 has a twelve month low of $3.55 and a twelve month high of $6.15.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Precision Optics to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Precision Optics in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Precision Optics Company Profile

Precision Optics Corporation, Inc (NASDAQ: POCI) designs and manufactures advanced optical and imaging systems, primarily for the medical device market. The company develops products used in minimally invasive surgery, including endoscopes, surgical cameras, and specialized visualization systems that help physicians view internal anatomy during diagnostic and therapeutic procedures.

Its product portfolio includes reusable and single-use endoscopes, three-dimensional imaging systems, fluorescence imaging technologies, and custom optical components and assemblies.