Inrad Optics, Inc. (OTCMKTS:INRD) shares dropped 6.9% during mid-day trading on Wednesday . The stock traded as low as $0.61 and last traded at $0.61. Approximately 200 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,733 shares. The stock had previously closed at $0.65.
The stock has a market capitalization of $8.36 million, a price-to-earnings ratio of 15.13 and a beta of -0.27. The stock has a 50 day moving average of $0.69. The company has a current ratio of 3.01, a quick ratio of 1.36 and a debt-to-equity ratio of 1.05.
Inrad Optics (OTCMKTS:INRD) last announced its quarterly earnings data on Thursday, May 13th. The company reported $0.03 earnings per share for the quarter. Inrad Optics had a negative return on equity of 10.77% and a net margin of 5.81%. The firm had revenue of $2.78 million during the quarter.
Inrad Optics, Inc, together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies in the United States. The company provides optical components, optical coatings, and subassemblies for the military, aerospace, industrial, and medical marketplace; precision metal optics; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors, as well as opto-mechanical design and assembly services.
Recommended Story: Trading Strategy Methods for Individual Investors
Receive News & Ratings for Inrad Optics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inrad Optics and related companies with MarketBeat.com's FREE daily email newsletter.