Syntec Optics Holdings, Inc. (NASDAQ:OPTX – Get Free Report) Director Albert Manzone acquired 3,681 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $8.12 per share, with a total value of $29,889.72. Following the completion of the purchase, the director directly owned 33,681 shares in the company, valued at $273,489.72. The trade was a 12.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Syntec Optics Price Performance
OPTX opened at $8.51 on Thursday. The business’s 50-day moving average is $8.80 and its two-hundred day moving average is $8.70. Syntec Optics Holdings, Inc. has a 1 year low of $1.18 and a 1 year high of $14.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.97 and a quick ratio of 4.45. The firm has a market capitalization of $342.78 million, a PE ratio of -141.83 and a beta of -0.80.
Syntec Optics (NASDAQ:OPTX – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.01 EPS for the quarter. Syntec Optics had a negative return on equity of 16.50% and a negative net margin of 8.26%.The firm had revenue of $8.27 million during the quarter.
Analysts Set New Price Targets
Check Out Our Latest Report on Syntec Optics
Institutional Investors Weigh In On Syntec Optics
Large investors have recently made changes to their positions in the stock. Tema ETFs LLC acquired a new stake in Syntec Optics during the second quarter worth about $7,662,000. Arosa Capital Management LP purchased a new stake in shares of Syntec Optics in the 4th quarter valued at approximately $715,000. Royal Bank of Canada purchased a new stake in shares of Syntec Optics in the 1st quarter valued at approximately $516,000. ARS Investment Partners LLC acquired a new stake in shares of Syntec Optics during the 1st quarter worth approximately $396,000. Finally, State Street Corp increased its holdings in shares of Syntec Optics by 20.6% during the 4th quarter. State Street Corp now owns 42,800 shares of the company’s stock worth $122,000 after buying an additional 7,300 shares during the last quarter.
Syntec Optics Company Profile
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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