Precision Optics (NASDAQ:POCI) Shares Up 4.9% – Still a Buy?

Precision Optics Corp. (NASDAQ:POCI)’s stock price was up 4.9% during trading on Wednesday . The stock traded as high as $4.56 and last traded at $4.49. Approximately 2,773 shares changed hands during trading, a decline of 77% from the average daily volume of 11,864 shares. The stock had previously closed at $4.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Precision Optics in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Precision Optics Stock Down 0.5%

The stock’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $4.44. The company has a market capitalization of $32.35 million, a price-to-earnings ratio of -4.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 1.05.

Precision Optics (NASDAQ:POCI) last released its earnings results on Tuesday, February 17th. The company reported ($0.23) EPS for the quarter. The business had revenue of $7.37 million for the quarter. Precision Optics had a negative net margin of 28.33% and a negative return on equity of 60.56%.

Institutional Investors Weigh In On Precision Optics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in shares of Precision Optics in the 3rd quarter valued at $49,000. Jane Street Group LLC purchased a new position in Precision Optics in the 4th quarter worth about $48,000. DRW Securities LLC acquired a new stake in Precision Optics during the 4th quarter worth about $94,000. Geode Capital Management LLC lifted its stake in Precision Optics by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after buying an additional 1,926 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its stake in Precision Optics by 2.7% during the fourth quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock valued at $970,000 after buying an additional 6,158 shares in the last quarter. 13.71% of the stock is owned by institutional investors and hedge funds.

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.