Albert Manzone Acquires 5,000 Shares of Syntec Optics (NASDAQ:OPTX) Stock

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Director Albert Manzone acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were bought at an average price of $10.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately $300,000. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Albert Manzone also recently made the following trade(s):

• On Wednesday, August 19th, Albert Manzone acquired 3,681 shares of Syntec Optics stock. The stock was bought at an average cost of $8.12 per share, with a total value of $29,889.72.

Syntec Optics Price Performance

Shares of Syntec Optics stock opened at $8.73 on Friday. The stock has a market cap of $351.64 million, a price-to-earnings ratio of -145.50 and a beta of -0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.45 and a current ratio of 5.97. The stock has a 50 day moving average price of $8.73 and a 200-day moving average price of $8.70. Syntec Optics Holdings, Inc. has a one year low of $1.18 and a one year high of $14.92.

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

Analyst Upgrades and Downgrades

OPTX has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Syntec Optics from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Syntec Optics in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Syntec Optics

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in Syntec Optics by 16.0% during the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock valued at $39,000 after acquiring an additional 1,891 shares during the period. Gables Capital Management Inc. bought a new stake in shares of Syntec Optics during the first quarter worth $46,000. State Street Corp lifted its position in shares of Syntec Optics by 20.6% during the fourth quarter. State Street Corp now owns 42,800 shares of the company’s stock worth $122,000 after purchasing an additional 7,300 shares during the last quarter. TRU Independence Asset Management 2 LLC purchased a new stake in shares of Syntec Optics during the first quarter valued at $70,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Syntec Optics during the first quarter valued at $89,000.

About Syntec Optics

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.