Syntec Optics (NASDAQ:OPTX) Posts Earnings Results

Syntec Optics (NASDAQ:OPTX) announced its quarterly earnings results on Friday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. Syntec Optics had a negative net margin of 6.38% and a negative return on equity of 17.19%. The company had revenue of $6.51 million for the quarter.

Syntec Optics Price Performance

Shares of OPTX opened at $7.16 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.35 and a quick ratio of 0.65. The stock has a market cap of $264.85 million, a PE ratio of -89.50 and a beta of -0.93. The firm has a 50-day simple moving average of $8.17 and a two-hundred day simple moving average of $5.28. Syntec Optics has a 1-year low of $1.18 and a 1-year high of $12.20.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Syntec Optics in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Syntec Optics presently has a consensus rating of “Sell”.

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.