ValuEngine Downgrades Inrad Optics (INRD) to Hold

Inrad Optics (OTCMKTS:INRD) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, ValuEngine reports.

INRD opened at $1.80 on Friday. The stock has a market capitalization of $24.53 million, a P/E ratio of 59.67 and a beta of -0.23. Inrad Optics has a 12 month low of $0.47 and a 12 month high of $2.00. The company has a quick ratio of 1.64, a current ratio of 3.50 and a debt-to-equity ratio of 1.07.

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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