Precision Optics (PEYE) Posts Quarterly Earnings Results
Precision Optics (OTCMKTS:PEYE) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Precision Optics had a negative return on equity of 100.61% and a negative net margin of 22.26%.
Precision Optics (OTCMKTS:PEYE) remained flat at $$0.55 during mid-day trading on Wednesday. 7,404 shares of the company were exchanged, compared to its average volume of 3,335. Precision Optics has a 12 month low of $0.40 and a 12 month high of $0.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.79 and a current ratio of 1.67. The company has a market cap of $4.24, a P/E ratio of -6.11 and a beta of 2.33.
Separately, ValuEngine lowered Precision Optics from a “hold” rating to a “sell” rating in a research report on Monday, November 20th.
Precision Optics Corporation, Inc designs, develops, manufactures and sells specialized optical and illumination systems and related components. The Company manufactures products in two areas: medical products for use by hospitals and physicians, and products used by military and industrial customers.
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