Syntec Optics (NASDAQ:OPTX) Stock Rating Upgraded by Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Tuesday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Syntec Optics in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Syntec Optics currently has an average rating of “Sell”.

Syntec Optics Trading Down 9.7%

Shares of OPTX opened at $4.01 on Tuesday. The firm’s 50-day moving average price is $2.18 and its 200-day moving average price is $1.93. The firm has a market capitalization of $148.05 million, a price-to-earnings ratio of -50.13 and a beta of -1.09. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Syntec Optics has a 1-year low of $1.02 and a 1-year high of $6.70.

Syntec Optics (NASDAQ:OPTX) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.95 million during the quarter. Syntec Optics had a negative return on equity of 27.66% and a negative net margin of 10.71%.

Hedge Funds Weigh In On Syntec Optics

An institutional investor recently bought a new position in Syntec Optics stock. Magnus Financial Group LLC purchased a new position in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,444 shares of the company’s stock, valued at approximately $36,000.

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.