Precision Optics (NASDAQ:POCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Precision Optics (NASDAQ:POCI) to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Precision Optics Price Performance

Shares of Precision Optics stock opened at $4.46 on Friday. The stock has a market capitalization of $48.93 million, a price-to-earnings ratio of -9.70 and a beta of 0.34. The firm’s 50-day moving average price is $4.36 and its two-hundred day moving average price is $4.63. The company has a current ratio of 2.28, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. 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 earnings results on Monday, September 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $8.77 million during the quarter, compared to analysts’ expectations of $7.10 million. Precision Optics had a negative net margin of 11.51% and a negative return on equity of 23.92%.

Hedge Funds Weigh In On Precision Optics

An institutional investor recently raised its stake in Precision Optics stock. WealthTrust Axiom LLC lifted its stake in shares of Precision Optics Corp. (NASDAQ:POCI) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,808 shares of the company’s stock after purchasing an additional 6,158 shares during the period. WealthTrust Axiom LLC owned approximately 3.00% of Precision Optics worth $970,000 at the end of the most recent reporting period. 13.71% of the stock is currently owned by institutional investors.

About Precision Optics

Precision Optics Corporation, Inc (NASDAQ: POCI) designs and manufactures advanced optical and imaging systems, primarily for the medical device market. The company develops products used in minimally invasive surgery, including endoscopes, surgical cameras, and specialized visualization systems that help physicians view internal anatomy during diagnostic and therapeutic procedures.

Its product portfolio includes reusable and single-use endoscopes, three-dimensional imaging systems, fluorescence imaging technologies, and custom optical components and assemblies.