Optex Systems (NASDAQ:OPXS) Rating Lowered to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Optex Systems (NASDAQ:OPXS) from a strong-buy rating to a buy rating in a research report report published on Friday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Optex Systems in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Optex Systems has an average rating of “Buy”.

Optex Systems Price Performance

Shares of Optex Systems stock opened at $12.75 on Friday. Optex Systems has a 1 year low of $5.36 and a 1 year high of $14.60. The firm has a market cap of $88.10 million, a PE ratio of 17.00 and a beta of 0.40. The company has a 50 day simple moving average of $11.94 and a two-hundred day simple moving average of $9.75.

Optex Systems (NASDAQ:OPXS) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.22 earnings per share for the quarter. Optex Systems had a net margin of 13.01% and a return on equity of 24.67%. The firm had revenue of $11.11 million for the quarter.

Institutional Trading of Optex Systems

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Optex Systems during the second quarter valued at about $30,000. LSV Asset Management bought a new stake in Optex Systems in the second quarter valued at approximately $63,000. Financial Advocates Investment Management grew its holdings in shares of Optex Systems by 9.8% in the second quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock worth $130,000 after purchasing an additional 1,012 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Optex Systems by 454.3% in the second quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock worth $146,000 after buying an additional 10,450 shares during the period. Finally, Fullcircle Wealth LLC bought a new stake in Optex Systems during the 1st quarter valued at $83,000. 19.07% of the stock is owned by institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.