Precision Optics (NASDAQ:POCI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Precision Optics (NASDAQ:POCI) to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings raised shares of Precision Optics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Precision Optics Stock Up 4.5%

Shares of NASDAQ POCI opened at $4.39 on Friday. The firm has a market cap of $48.05 million, a price-to-earnings ratio of -6.97 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 2.10. The stock’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $4.72. Precision Optics has a 1 year low of $3.55 and a 1 year high of $6.15.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $8.71 million during the quarter. Precision Optics had a negative return on equity of 37.47% and a negative net margin of 17.03%.

Hedge Funds Weigh In On Precision Optics

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