Precision Optics (NASDAQ:POCI) Shares Up 0.1%

Shares of Precision Optics Co., Inc. (NASDAQ:POCI) shot up 0.1% during trading on Thursday . The stock traded as high as $5.34 and last traded at $5.25. 1,755 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,596 shares. The stock had previously closed at $5.24.

Precision Optics Trading Down 0.9 %

The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $5.87 and its two-hundred day moving average price is $5.87. The firm has a market cap of $31.58 million, a PE ratio of -18.57 and a beta of 0.13.

Institutional Investors Weigh In On Precision Optics

Institutional investors have recently added to or reduced their stakes in the business. AMH Equity Ltd acquired a new position in Precision Optics during the fourth quarter worth $845,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Precision Optics in the 1st quarter valued at about $149,000. Finally, WealthTrust Axiom LLC lifted its stake in shares of Precision Optics by 9.0% in the fourth quarter. WealthTrust Axiom LLC now owns 187,975 shares of the company’s stock valued at $1,132,000 after purchasing an additional 15,502 shares during the period. Hedge funds and other institutional investors own 13.71% of the company’s stock.

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.