AMH Equity Ltd Trims Holdings in Precision Optics Co., Inc. (NASDAQ:POCI)

AMH Equity Ltd lowered its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 59.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,129 shares of the company’s stock after selling 99,070 shares during the period. AMH Equity Ltd’s holdings in Precision Optics were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Needham Investment Management LLC lifted its stake in Precision Optics by 9.1% during the 3rd quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $2,232,000 after acquiring an additional 33,283 shares during the period. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Stock Up 0.2 %

POCI stock opened at $4.22 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 0.62. The firm’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.96. Precision Optics Co., Inc. has a 12 month low of $3.47 and a 12 month high of $6.90. The company has a market capitalization of $32.23 million, a P/E ratio of -6.59 and a beta of 0.28.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.15) EPS for the quarter. The business had revenue of $4.53 million during the quarter. Precision Optics had a negative net margin of 21.46% and a negative return on equity of 39.17%.

About Precision Optics

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.