Vertically integrated optics firm Precision Optics (OTCMKTS:PEYE) did not have a great time in the markets yesterday as its stock suffered from a mini selloff and went down by as much as 2% as a consequence.
Trading Data
On Monday, PEYE stock ended flat at $1.87 with more than 5 shares traded, compared to volume of 9.1K shares. The stock moved within a range of $1.8700 – 1.8700 after opening trading at $1.87.
Key Details
As it happens, the company was in the news on Monday after it made an announcement with regards to the fact that it was going to have its conference call for discussing the third fiscal quarter financial results on May 16, 2022.
The conference call is going to begin at 5 in the evening Eastern Time. In this regard, it is also necessary to note that Precision Optics also expects to announce its financial results and file its 10-Q form after the closure of markets on the same day.
The conference call is going to follow the release of the financial results. In this context, it may be a good idea for investors to have a big of an idea about the company and its business. Precision Optics had been established back in 1982. It is involved in providing its 3D imaging and micro optics technologies to the defense, aerospace and healthcare sectors. It should be noted that both those technologies are proprietary in nature.
Technical Data
PEYE stock is trading below the 20-Day and 50-Day Moving averages of $1.97 and $2.03 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.07.
