Precision Optics (NASDAQ:POCI) Stock Rating Upgraded by Wall Street Zen

Precision Optics (NASDAQ:POCI) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

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

Precision Optics Stock Performance

Shares of POCI opened at $4.39 on Friday. The stock has a fifty day moving average price of $4.85 and a two-hundred day moving average price of $4.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 2.10. Precision Optics has a 52-week low of $3.55 and a 52-week high of $6.15. The company has a market cap of $48.03 million, a price-to-earnings ratio of -6.97 and a beta of 0.34.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in POCI. Jane Street Group LLC acquired a new position in shares of Precision Optics during the fourth quarter valued at about $48,000. Citadel Advisors LLC bought a new stake in shares of Precision Optics in the third quarter valued at approximately $49,000. DRW Securities LLC purchased a new stake in shares of Precision Optics during the 4th quarter valued at approximately $94,000. Geode Capital Management LLC lifted 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 valued at $245,000 after buying an additional 1,926 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its holdings in Precision Optics by 2.7% in the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock worth $970,000 after buying an additional 6,158 shares during the period. 13.71% of the stock is owned by 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.