Inrad Optics (OTCMKTS:INRD) Downgraded to Sell at ValuEngine

ValuEngine cut shares of Inrad Optics (OTCMKTS:INRD) from a hold rating to a sell rating in a research report released on Wednesday, ValuEngine reports.

OTCMKTS:INRD traded down $0.03 during midday trading on Wednesday, reaching $1.62. The stock had a trading volume of 4,000 shares, compared to its average volume of 4,490. The firm has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.71. Inrad Optics has a 12-month low of $0.47 and a 12-month high of $2.03. The company has a quick ratio of 1.37, a current ratio of 2.94 and a debt-to-equity ratio of 1.40. The stock has a market cap of $22.24 million, a P/E ratio of 165.00 and a beta of 0.11.

Inrad Optics (OTCMKTS:INRD) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. Inrad Optics had a net margin of 0.49% and a return on equity of 2.10%. The firm had revenue of $2.62 million during the quarter.

Inrad Optics Company Profile

Inrad Optics, Inc, together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies in the United States. The company provides optical components, optical coatings, and subassemblies for the military, aerospace, industrial, and medical marketplace; precision metal optics; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors, as well as opto-mechanical design and assembly services.

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