Syntec Optics (NASDAQ:OPTX) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Syntec Optics (NASDAQ:OPTX) from a hold rating to a sell rating in a report released on Monday morning.

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

Syntec Optics Price Performance

Syntec Optics stock opened at $3.04 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Syntec Optics has a 52-week low of $1.02 and a 52-week high of $3.54. The firm has a market cap of $112.24 million, a PE ratio of -38.00 and a beta of -1.09. The company’s 50 day moving average is $2.00 and its two-hundred day moving average is $1.81.

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