Precision Optics (NASDAQ:POCI) Posts 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 return on equity of 35.51% and a negative net margin of 20.01%.

Precision Optics Stock Up 0.8 %

NASDAQ:POCI opened at $4.99 on Friday. Precision Optics has a 1 year low of $3.47 and a 1 year high of $6.90. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $5.02 and a 200-day simple moving average of $5.06.

Insider Buying and Selling

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of the firm’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 directly owns 196,198 shares in the company, valued at $980,990. This trade represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.