Inrad Optics, Inc. (OTCMKTS:INRD)’s share price fell 6.9% during trading on Wednesday . The stock traded as low as $0.61 and last traded at $0.61. 200 shares were traded during trading, a decline of 88% from the average session volume of 1,733 shares. The stock had previously closed at $0.65.
The firm’s 50-day simple moving average is $0.69. The company has a quick ratio of 1.36, a current ratio of 3.01 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.36 million, a P/E ratio of 15.13 and a beta of -0.27.
Inrad Optics (OTCMKTS:INRD) last posted its earnings results on Thursday, May 13th. The company reported $0.03 earnings per share for the quarter. Inrad Optics had a negative return on equity of 10.77% and a net margin of 5.81%. The company had revenue of $2.78 million for the quarter.
Inrad Optics, Inc, together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies in the United States. The company provides optical components, optical coatings, and subassemblies for the military, aerospace, industrial, and medical marketplace; precision metal optics; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors, as well as opto-mechanical design and assembly services.
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