Optex Systems (NASDAQ:OPXS) Stock Price Up 6.2% – Time to Buy?

Optex Systems Holdings Inc. (NASDAQ:OPXS)’s share price shot up 6.2% during trading on Wednesday . The company traded as high as $14.14 and last traded at $13.97. 48,974 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 58,161 shares. The stock had previously closed at $13.16.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OPXS shares. Wall Street Zen cut Optex Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings downgraded Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Optex Systems has an average rating of “Hold”.

Optex Systems Stock Performance

The stock has a market capitalization of $96.91 million, a P/E ratio of 21.17 and a beta of 0.69. The firm has a fifty day moving average price of $14.05 and a two-hundred day moving average price of $13.97.

Optex Systems (NASDAQ:OPXS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.03 EPS for the quarter. The company had revenue of $9.15 million during the quarter. Optex Systems had a return on equity of 22.12% and a net margin of 10.75%.

Insider Activity

In other Optex Systems news, Director Danny Robert Schoening sold 28,924 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $14.06, for a total transaction of $406,671.44. Following the completion of the sale, the director directly owned 796,730 shares in the company, valued at $11,202,023.80. The trade was a 3.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 110,578 shares of company stock worth $1,510,898. Insiders own 27.70% of the company’s stock.

Hedge Funds Weigh In On Optex Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Optex Systems during the second quarter valued at approximately $30,000. Bank of America Corp DE boosted its stake in shares of Optex Systems by 6,439.6% during 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. LSV Asset Management bought a new stake in shares of Optex Systems during the 2nd quarter valued at $63,000. Financial Advocates Investment Management grew its position in shares of Optex Systems by 9.8% during the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock valued at $130,000 after acquiring an additional 1,012 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Optex Systems in the 3rd quarter worth $142,000. Hedge funds and other institutional investors own 19.07% of the company’s stock.

Optex Systems Company Profile

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.