Precision Optics (NASDAQ:POCI) Trading Down 5.7% – Should You Sell?

Precision Optics Corp. (NASDAQ:POCI)’s share price was down 5.7% during mid-day trading on Monday . The company traded as low as $5.00 and last traded at $5.32. Approximately 31,385 shares changed hands during trading, a decline of 2% from the average daily volume of 32,128 shares. The stock had previously closed at $5.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Precision Optics in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Precision Optics currently has a consensus rating of “Sell”.

Precision Optics Trading Down 5.7%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.79. The business has a 50-day simple moving average of $4.51 and a two-hundred day simple moving average of $4.50. The stock has a market cap of $41.07 million, a price-to-earnings ratio of -6.33 and a beta of 0.31.

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

Hedge Funds Weigh In On Precision Optics

An institutional investor recently raised its position in Precision Optics stock. Geode Capital Management LLC lifted its stake in shares of Precision Optics Corp. (NASDAQ:POCI) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 58,436 shares of the company’s stock after buying an additional 1,926 shares during the quarter. Geode Capital Management LLC owned about 0.76% of Precision Optics worth $245,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.71% of the company’s stock.

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.