Optex Systems (NASDAQ:OPXS) Announces Quarterly Earnings Results

Optex Systems (NASDAQ:OPXS) released its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, Zacks reports. Optex Systems had a net margin of 10.75% and a return on equity of 22.12%.

Optex Systems Stock Performance

OPXS stock traded up $0.22 during trading on Monday, hitting $10.42. 23,202 shares of the company’s stock traded hands, compared to its average volume of 47,636. The business has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $13.83. The stock has a market capitalization of $72.28 million, a price-to-earnings ratio of 15.79 and a beta of 0.51. Optex Systems has a 52 week low of $6.69 and a 52 week high of $17.76.

Institutional Investors Weigh In On Optex Systems

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Optex Systems in the 2nd quarter worth about $30,000. Bank of America Corp DE lifted its holdings in shares of Optex Systems by 6,439.6% in the 3rd quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock worth $45,000 after acquiring an additional 3,413 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Optex Systems in the 3rd quarter worth about $142,000. Osaic Holdings Inc. lifted its holdings in shares of Optex Systems by 454.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock worth $146,000 after acquiring an additional 10,450 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Optex Systems in the 4th quarter worth about $163,000. Institutional investors own 19.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on OPXS. Freedom Capital upgraded shares of Optex Systems to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings lowered shares of Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.