Precision Optics Co., Inc. (NASDAQ:POCI) Director Sells $72,000.00 in 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 stock was sold at an average price of $5.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 196,198 shares in the company, valued at $980,990. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Precision Optics Price Performance

Shares of POCI traded up $0.02 on Friday, reaching $5.11. The stock had a trading volume of 1,845 shares, compared to its average volume of 9,574. The firm has a 50-day moving average of $4.79 and a 200 day moving average of $5.53. The firm has a market capitalization of $32.45 million, a PE ratio of -8.24 and a beta of 0.21. Precision Optics Co., Inc. has a twelve month low of $3.47 and a twelve month high of $6.90. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.17.

Precision Optics (NASDAQ:POCI) last announced its quarterly earnings results 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 Inflows and Outflows

A hedge fund recently raised its stake in Precision Optics stock. Needham Investment Management LLC grew its stake in shares of Precision Optics Co., Inc. (NASDAQ:POCI) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 400,000 shares of the company’s stock after buying an additional 33,283 shares during the period. Needham Investment Management LLC owned 6.30% of Precision Optics worth $2,232,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.71% of the company’s stock.

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.