Precision Optics (NASDAQ:POCI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Precision Optics Corp. (NASDAQ:POCI) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.63 and traded as high as $4.65. Precision Optics shares last traded at $4.65, with a volume of 11,250 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on POCI. Weiss Ratings restated a “sell (d-)” rating on shares of Precision Optics in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of Precision Optics to a “hold” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Precision Optics Stock Up 1.3%

The stock has a market capitalization of $51.10 million, a price-to-earnings ratio of -10.11 and a beta of 0.34. The firm’s fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 2.28.

Precision Optics (NASDAQ:POCI) last announced its earnings results on Monday, September 28th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The firm had revenue of $8.77 million during the quarter, compared to analyst estimates of $7.10 million. Precision Optics had a negative net margin of 11.51% and a negative return on equity of 23.92%.

Precision Optics Company Profile

Precision Optics Corporation, Inc is a medical technology company that develops and manufactures advanced optical systems and components for minimally invasive medical procedures. The company works primarily with medical device manufacturers, providing specialized imaging technologies designed to support visualization during surgery and other clinical applications.

Its product portfolio includes rigid and flexible endoscopes, three-dimensional endoscopic systems, disposable and reusable visualization devices, surgical cameras, and custom optical assemblies.