POCI: Volume Spike; 76% > 20-adsv, Stock +13.79%
Friday , November 26, 2004 11:40 ET
This is the 1st VOLUME alert for POCI in the past 7 calendar days.
Trading for Precision Optics Corporation Inc (NASDAQ SC: POCI) has been heavier than usual in today's session. By 11:40 ET, the stock had already traded 124,500 shares via 56 trades. The cumulative volume is 76.30% above its 20-day average of 70,616. Normally the stock experiences around 35 individual trades per session.
So far, today's volume surge has caused a net rise in POCI's stock price. At the time of this alert, the stock was trading at $0.990, up $0.120 (+13.79%).
One year ago, the Company's shares closed at $1.830. The price has declined more than 45 percent since then.
Over the last 10 trading session POCI has traded in a range between $0.760 and $1.000 and is currently trading 85.84% below its 52-week high of $6.990 set on March 10, 2004 and 62.30% above its 52-week low of $0.610 from November 10, 2004.
In the previous 3 sessions, POCI trading has displayed a mixed trend. Closing results have been as follows:
November 24, 2004 --- closed at $0.870 up $0.070 (+8.75%) on 33,950 shares
November 23, 2004 --- closed at $0.800 even for the day on 6,770 shares
November 22, 2004 --- closed at $0.800 even for the day on 20,570 shares
The Company last released news on November 10, 2004:
"Precision Optics Corporation Announces First Quarter Results"
PRECISION OPTICS CORPORATION INC
Precision Optics Corporation, Inc. designs, develops, manufactures and sells specialized optical systems and components and optical thin-film coatings. The Company conducts business in one industry segment only, and its customers are primarily domestic. The Company's products and services fall into two principal areas: (i) medical products for use by hospitals and physicians and (ii) advanced optical system design and development services and products used by industrial customers.
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