Precision Optics (NASDAQ:POCI) Shares Down 0.9% – Should You Sell?

Precision Optics Corp. (NASDAQ:POCI)’s stock price fell 0.9% during trading on Monday . The company traded as low as $4.26 and last traded at $4.30. 27,661 shares changed hands during trading, a decline of 16% from the average daily volume of 33,081 shares. The stock had previously closed at $4.34.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Precision Optics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Precision Optics Trading Down 0.9%

The firm has a market capitalization of $47.04 million, a P/E ratio of -6.83 and a beta of 0.32. The company has a quick ratio of 1.74, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $5.18 and a 200-day moving average of $4.74.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. The company had revenue of $8.71 million for the quarter. Precision Optics had a negative return on equity of 37.47% and a negative net margin of 17.03%.

Institutional Trading of Precision Optics

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in Precision Optics in the third quarter valued at about $49,000. Geode Capital Management LLC lifted its position in Precision Optics by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock worth $245,000 after purchasing an additional 1,926 shares during the period. DRW Securities LLC acquired a new stake in Precision Optics during the fourth quarter worth about $94,000. Jane Street Group LLC acquired a new stake in Precision Optics during the fourth quarter worth about $48,000. Finally, WealthTrust Axiom LLC increased its holdings in Precision Optics by 2.7% in the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock valued at $970,000 after buying an additional 6,158 shares during the period. 13.71% of the stock is owned by institutional investors and hedge funds.

About Precision Optics

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.