Precision Optics (NASDAQ:POCI) Releases Quarterly Earnings Results

Precision Optics (NASDAQ:POCI) released its earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, Zacks reports. Precision Optics had a negative net margin of 20.01% and a negative return on equity of 35.51%.

Precision Optics Stock Up 0.8 %

Shares of Precision Optics stock traded up $0.04 on Thursday, reaching $4.99. 2,206 shares of the company were exchanged, compared to its average volume of 8,800. The stock’s 50 day moving average price is $5.02 and its 200-day moving average price is $5.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 0.76. Precision Optics has a 1-year low of $3.47 and a 1-year high of $6.90. The company has a market cap of $31.69 million, a P/E ratio of -8.05 and a beta of 0.28.

Insider Activity at Precision Optics

In related news, Director Peter V. Anania sold 14,400 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now owns 196,198 shares in the company, valued at approximately $980,990. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.30% of the stock is owned by corporate insiders.

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.