Syntec Optics (NASDAQ:OPTX) Stock Price Up 4.9% – Here’s Why

Syntec Optics Holdings, Inc. (NASDAQ:OPTX)’s stock price rose 4.9% during trading on Monday . The company traded as high as $12.47 and last traded at $11.91. Approximately 449,573 shares changed hands during trading, a decline of 68% from the average daily volume of 1,394,520 shares. The stock had previously closed at $11.35.

Syntec Optics Stock Performance

The business’s 50-day moving average is $9.52 and its 200 day moving average is $6.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.28.

Syntec Optics (NASDAQ:OPTX) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter. Syntec Optics had a negative return on equity of 30.86% and a negative net margin of 10.95%.The business had revenue of $6.51 million for the quarter.

Institutional Investors Weigh In On Syntec Optics

Large investors have recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new stake in Syntec Optics during the first quarter worth about $46,000. TRU Independence Asset Management 2 LLC acquired a new stake in Syntec Optics during the first quarter worth about $70,000. Magnus Financial Group LLC acquired a new stake in Syntec Optics during the fourth quarter worth about $36,000. OMERS ADMINISTRATION Corp acquired a new stake in Syntec Optics during the first quarter worth about $89,000. Finally, Jane Street Group LLC grew its stake 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 buying an additional 1,891 shares in the last quarter.

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.