Syntec Optics (NASDAQ:OPTX) Trading Up 10.9% – What’s Next?

Syntec Optics Holdings, Inc. (NASDAQ:OPTX – Get Free Report)’s share price was up 10.9% during trading on Wednesday . The stock traded as high as $12.69 and last traded at $12.6230. Approximately 584,504 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,310,123 shares. The stock had previously closed at $11.38.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Syntec Optics from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Syntec Optics currently has an average rating of “Sell”.

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Read Our Latest Report on OPTX

Syntec Optics Stock Up 15.6%

The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $529.88 million, a PE ratio of -161.94 and a beta of -0.82. The stock has a 50-day moving average of $9.90 and a 200 day moving average of $6.73.

Syntec Optics (NASDAQ:OPTX – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter. The business had revenue of $6.51 million for the quarter. Syntec Optics had a negative net margin of 10.95% and a negative return on equity of 30.86%.

Institutional Investors Weigh In On Syntec Optics

Institutional investors have recently made changes to their positions in the stock. Magnus Financial Group LLC bought a new position in shares of Syntec Optics in the fourth quarter worth $36,000. Jane Street Group LLC boosted its position in shares of Syntec Optics by 16.0% during the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock valued at $39,000 after acquiring an additional 1,891 shares during the last quarter. Gables Capital Management Inc. purchased a new position in shares of Syntec Optics during the first quarter worth about $46,000. TRU Independence Asset Management 2 LLC purchased a new position in shares of Syntec Optics during the first quarter worth about $70,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Syntec Optics in the first quarter worth approximately $89,000.

About Syntec Optics

(Get Free Report)

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.

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