Peter V. Anania Sells 14,400 Shares of Precision Optics Co., Inc. (NASDAQ:POCI) Stock

Precision Optics Co., Inc. (NASDAQ:POCI) Director Peter V. Anania sold 14,400 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 196,198 shares of the company’s stock, valued at $980,990. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Precision Optics Stock Performance

Precision Optics stock traded up $0.02 during mid-day trading on Friday, reaching $5.11. 1,845 shares of the company were exchanged, compared to its average volume of 9,574. The firm has a market cap of $32.45 million, a PE ratio of -8.24 and a beta of 0.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 1.41. The firm’s 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $5.53. Precision Optics Co., Inc. has a twelve month low of $3.47 and a twelve month high of $6.90.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings data on Monday, September 30th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $4.72 million during the quarter. Precision Optics had a negative net margin of 20.01% and a negative return on equity of 35.51%.

Institutional Investors Weigh In On Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. Geode Capital Management LLC lifted its holdings in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,268 shares of the company’s stock after buying an additional 25,530 shares during the quarter. Geode Capital Management LLC owned 0.82% of Precision Optics worth $292,000 as of its most recent SEC filing. 13.71% of the stock is owned by hedge funds and other institutional investors.

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.