Syntec Optics (NASDAQ:OPTX) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Syntec Optics (NASDAQ:OPTX) from a sell rating to a hold rating in a research report report published on Tuesday morning.

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

Syntec Optics Price Performance

Shares of NASDAQ:OPTX opened at $4.44 on Tuesday. Syntec Optics has a twelve month low of $1.02 and a twelve month high of $6.70. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market cap of $163.92 million, a PE ratio of -55.50 and a beta of -1.09. The company’s 50 day moving average is $2.15 and its 200 day moving average is $1.92.

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

Institutional Trading of Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC acquired a new stake in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,444 shares of the company’s stock, valued at approximately $36,000.

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.