Precision Optics (NASDAQ:POCI) Releases Earnings Results

Precision Optics (NASDAQ:POCI) released its earnings results on Thursday. The company reported ($0.15) earnings per share 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 Price Performance

POCI opened at $4.99 on Friday. The stock’s 50 day moving average price is $5.02 and its 200-day moving average price is $5.06. Precision Optics has a 52-week low of $3.47 and a 52-week high of $6.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 0.76.

Insider Buying and Selling

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total value of $72,000.00. Following the transaction, the director now owns 196,198 shares of the company’s stock, valued at approximately $980,990. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.30% of the stock is owned by 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.