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

Precision Optics Co., Inc. (NASDAQ:POCI) Director Peter V. Anania sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total value of $72,000.00. Following the sale, the director now directly owns 196,198 shares in the company, valued at approximately $980,990. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Precision Optics Stock Up 0.4 %

Shares of Precision Optics stock opened at $5.11 on Friday. Precision Optics Co., Inc. has a one year low of $3.47 and a one year high of $6.90. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.53.

Precision Optics (NASDAQ:POCI) last announced its 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

An institutional investor recently raised its position in Precision Optics stock. Geode Capital Management LLC boosted its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,268 shares of the company’s stock after buying an additional 25,530 shares during the period. Geode Capital Management LLC owned approximately 0.82% of Precision Optics worth $292,000 as of its most recent filing with the Securities & Exchange Commission. 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.