Precision Optics (NASDAQ:POCI) Announces Earnings Results

Precision Optics (NASDAQ:POCI) announced its quarterly earnings data 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 Performance

Shares of Precision Optics stock traded up $0.04 on Thursday, reaching $4.99. 2,206 shares of the stock were exchanged, compared to its average volume of 8,800. The firm has a market capitalization of $31.69 million, a PE ratio of -8.05 and a beta of 0.28. Precision Optics has a 1-year low of $3.47 and a 1-year high of $6.90. The business has a fifty day moving average price of $5.02 and a two-hundred day moving average price of $5.06. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17.

Insider Activity at Precision Optics

In related news, Director Peter V. Anania sold 14,400 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 196,198 shares of the company’s stock, valued at $980,990. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by insiders.

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.