Syntec Optics (NASDAQ:OPTX) Issues Quarterly Earnings Results

Syntec Optics (NASDAQ:OPTX) announced its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of $7.51 million during the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%.

Syntec Optics Stock Performance

OPTX traded up $0.47 on Tuesday, reaching $7.03. The stock had a trading volume of 405,454 shares, compared to its average volume of 636,079. Syntec Optics has a 12-month low of $1.02 and a 12-month high of $9.15. 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 business’s 50-day moving average price is $6.75 and its two-hundred day moving average price is $3.82. The company has a market cap of $259.55 million, a P/E ratio of -87.88 and a beta of -1.06.

Institutional Investors Weigh In On Syntec Optics

Institutional investors have recently modified their holdings of the business. Magnus Financial Group LLC acquired a new position in Syntec Optics in the 4th quarter worth about $36,000. Jane Street Group LLC boosted its position in Syntec Optics by 16.0% during the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock worth $39,000 after purchasing an additional 1,891 shares in the last quarter. State Street Corp grew its holdings in Syntec Optics by 20.6% in the fourth quarter. State Street Corp now owns 42,800 shares of the company’s stock valued at $122,000 after purchasing an additional 7,300 shares during the period. Finally, Arosa Capital Management LP purchased a new stake in shares of Syntec Optics in the fourth quarter valued at approximately $715,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OPTX shares. Weiss Ratings restated a “sell (d)” rating on shares of Syntec Optics in a research note on Thursday, January 22nd. Wall Street Zen raised Syntec Optics from a “sell” rating to a “hold” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Sell rating, According to 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.