Precision Optics (NASDAQ:POCI) Trading Up 0.7% – Here’s What Happened

Precision Optics Corp. (NASDAQ:POCI) shot up 0.7% on Thursday . The stock traded as high as $4.43 and last traded at $4.38. 7,030 shares changed hands during trading, a decline of 25% from the average session volume of 9,401 shares. The stock had previously closed at $4.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Precision Optics Stock Up 0.7%

The stock’s 50 day simple moving average is $4.33 and its two-hundred day simple moving average is $4.48. The firm has a market cap of $33.77 million, a P/E ratio of -5.21 and a beta of 0.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.79.

Precision Optics (NASDAQ:POCI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.21) EPS for the quarter. Precision Optics had a negative return on equity of 53.29% and a negative net margin of 28.31%.The company had revenue of $6.68 million during the quarter.

Hedge Funds Weigh In On Precision Optics

A hedge fund recently bought a new stake in Precision Optics stock. Citadel Advisors LLC acquired a new stake in shares of Precision Optics Corp. (NASDAQ:POCI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,198 shares of the company’s stock, valued at approximately $49,000. Citadel Advisors LLC owned about 0.15% of Precision Optics as of its most recent filing with the SEC. 13.71% of the stock is owned by 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.