Precision Optics (OTCMKTS:PEYE) Downgraded by ValuEngine to Hold

Precision Optics (OTCMKTS:PEYE) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Shares of OTCMKTS PEYE traded up $0.08 during midday trading on Thursday, reaching $1.26. The stock had a trading volume of 23,800 shares, compared to its average volume of 15,828. Precision Optics has a twelve month low of $0.65 and a twelve month high of $1.85. The firm has a 50 day simple moving average of $1.16.

Precision Optics (OTCMKTS:PEYE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $1.39 million during the quarter. Precision Optics had a negative return on equity of 2.05% and a negative net margin of 8.31%.

Precision Optics Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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