Zacks Research upgraded shares of Optex Systems (NASDAQ:OPXS – Free Report) to a hold rating in a research report sent to investors on Monday morning,Zacks reports.
Separately, Weiss Ratings cut shares of Optex Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Optex Systems
Optex Systems Price Performance
Optex Systems (NASDAQ:OPXS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 17.57%. The firm had revenue of $9.73 million for the quarter. On average, analysts expect that Optex Systems will post 0.66 EPS for the current year.
Hedge Funds Weigh In On Optex Systems
Hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP raised its holdings in Optex Systems by 59.4% in the second quarter. Wasatch Advisors LP now owns 634,671 shares of the company’s stock valued at $8,904,000 after buying an additional 236,523 shares during the period. Punch & Associates Investment Management Inc. raised its position in shares of Optex Systems by 8.9% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company’s stock valued at $4,278,000 after acquiring an additional 26,515 shares in the last quarter. World Investment Advisors bought a new position in shares of Optex Systems in the 4th quarter worth about $821,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Optex Systems by 33.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,618 shares of the company’s stock worth $378,000 after purchasing an additional 7,138 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company’s stock.
About Optex Systems
Optex Systems Holdings, Inc develops and manufactures optical and electro-optical products primarily for military and defense applications. Through its operating subsidiary, Optex Systems, Inc, the company produces precision assemblies used in ground vehicles, weapons systems, and other defense platforms.
Its product portfolio includes periscopes, optical sighting systems, weapon sights, and related electro-optical assemblies. These products are designed for applications such as vehicle observation, targeting, surveillance, and fire control, supporting programs used by the U.S.
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