Syntec Optics (NASDAQ:OPTX) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Syntec Optics (NASDAQ:OPTX) from a hold rating to a sell rating in a research note released on Saturday morning.

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

Syntec Optics Stock Performance

Shares of NASDAQ OPTX opened at $1.97 on Friday. The stock has a market cap of $72.73 million, a PE ratio of -24.63 and a beta of -1.02. Syntec Optics has a 1 year low of $1.02 and a 1 year high of $4.51. The firm has a fifty day moving average price of $1.96 and a 200-day moving average price of $1.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56.

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

About Syntec Optics

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.