Syntec Optics (NASDAQ:OPTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Syntec Optics (NASDAQ:OPTX) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Syntec Optics in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Syntec Optics Stock Performance

Shares of NASDAQ OPTX opened at $9.01 on Friday. The company has a quick ratio of 4.45, a current ratio of 5.97 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $9.39 and its 200-day moving average price is $8.64. Syntec Optics has a 52-week low of $1.18 and a 52-week high of $14.92. The company has a market cap of $362.92 million, a PE ratio of -150.17 and a beta of -0.80.

Syntec Optics (NASDAQ:OPTX) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.01 earnings per share for the quarter. Syntec Optics had a negative net margin of 8.26% and a negative return on equity of 16.50%. The company had revenue of $8.27 million for the quarter.

Hedge Funds Weigh In On Syntec Optics

A number of institutional investors and hedge funds have recently made changes to their positions in OPTX. Tema ETFs LLC purchased a new stake in Syntec Optics during the second quarter valued at approximately $7,662,000. Arosa Capital Management LP bought a new stake in shares of Syntec Optics during the 4th quarter valued at $715,000. Royal Bank of Canada bought a new stake in shares of Syntec Optics during the 1st quarter valued at $516,000. ARS Investment Partners LLC purchased a new stake in shares of Syntec Optics in the 1st quarter worth $396,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Syntec Optics in the 1st quarter worth $89,000.

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.