Precision Optics (OTCMKTS:PEYE) Issues Quarterly Earnings Results

Precision Optics (OTCMKTS:PEYE) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $2.80 million for the quarter. Precision Optics had a negative return on equity of 9.32% and a negative net margin of 5.18%.

Shares of OTCMKTS PEYE traded down $0.04 during midday trading on Friday, hitting $1.90. The company’s stock had a trading volume of 8,650 shares, compared to its average volume of 12,273. Precision Optics has a 1-year low of $1.05 and a 1-year high of $2.25. The firm’s fifty day moving average price is $1.87 and its 200-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.35 and a current ratio of 2.39. The firm has a market cap of $24.66 million, a P/E ratio of -47.50 and a beta of 2.19.

Separately, ValuEngine lowered shares of Precision Optics from a “hold” rating to a “sell” rating in a report on Friday, January 3rd.

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. The company 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.

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Earnings History for Precision Optics (OTCMKTS:PEYE)

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