Precision Optics (NASDAQ:POCI) Trading Down 0.9% – What’s Next?

Shares of Precision Optics Corp. (NASDAQ:POCI) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $4.31 and last traded at $4.35. Approximately 16,132 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 39,871 shares. The stock had previously closed at $4.39.

Analyst Ratings Changes

A number of equities research analysts have recently commented on POCI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Precision Optics in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of Precision Optics to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Precision Optics Price Performance

The company has a current ratio of 2.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $47.70 million, a price-to-earnings ratio of -6.92 and a beta of 0.32. The company’s 50 day moving average is $4.43 and its 200-day moving average is $4.62.

Institutional Investors Weigh In On Precision Optics

A number of institutional investors have recently modified their holdings of POCI. Citadel Advisors LLC bought a new stake in Precision Optics in the 3rd quarter valued at about $49,000. Jane Street Group LLC bought a new stake in shares of Precision Optics in the fourth quarter valued at approximately $48,000. DRW Securities LLC bought a new position in Precision Optics during the 4th quarter worth $94,000. Geode Capital Management LLC raised its holdings in Precision Optics by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after acquiring an additional 1,926 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its position in shares of Precision Optics by 2.7% during the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock valued at $970,000 after acquiring an additional 6,158 shares during the period. 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.