Precision Optics (NASDAQ:POCI) Stock Price Down 5.9%

Precision Optics Co., Inc. (NASDAQ:POCI) shares dropped 5.9% on Wednesday . The company traded as low as $5.53 and last traded at $5.53. Approximately 7,091 shares changed hands during trading, an increase of 44% from the average daily volume of 4,916 shares. The stock had previously closed at $5.87.

Precision Optics Stock Performance

The firm has a market capitalization of $33.57 million, a PE ratio of -18.43 and a beta of 0.11. The company has a current ratio of 1.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $5.83 and its two-hundred day simple moving average is $5.96.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter. The company had revenue of $4.82 million during the quarter. Precision Optics had a negative return on equity of 21.74% and a negative net margin of 8.93%.

Institutional Investors Weigh In On Precision Optics

Several hedge funds and other institutional investors have recently modified their holdings of POCI. Needham Investment Management LLC purchased a new stake in shares of Precision Optics in the 4th quarter worth $1,118,000. AMH Equity Ltd bought a new position in Precision Optics in the 4th quarter worth $845,000. WealthTrust Axiom LLC boosted its holdings in Precision Optics by 25.9% in the 3rd quarter. WealthTrust Axiom LLC now owns 172,473 shares of the company’s stock worth $1,026,000 after buying an additional 35,481 shares during the period. Morgan Stanley bought a new position in Precision Optics in the 4th quarter worth $195,000. Finally, Overbrook Management Corp bought a new position in Precision Optics in the 2nd quarter worth $201,000. 13.71% of the stock is currently owned by hedge funds and other institutional investors.

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.