Inrad Optics (OTCMKTS:INRD) Shares Down 2.4%

Inrad Optics Inc (OTCMKTS:INRD) shares were down 2.4% on Friday . The company traded as low as $0.82 and last traded at $0.82, approximately 500 shares were traded during mid-day trading. A decline of 36% from the average daily volume of 782 shares. The stock had previously closed at $0.84.

Separately, ValuEngine raised shares of Inrad Optics from a “hold” rating to a “buy” rating in a report on Friday, March 13th.

The company has a quick ratio of 0.90, a current ratio of 2.29 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average price of $0.73 and a 200 day moving average price of $1.14.

Inrad Optics (OTCMKTS:INRD) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. Inrad Optics had a negative return on equity of 52.08% and a negative net margin of 11.26%. The company had revenue of $2.05 million for the quarter.

About Inrad Optics (OTCMKTS:INRD)

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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