Optex Systems (NASDAQ:OPXS) Issues Earnings Results

Optex Systems (NASDAQ:OPXS) released its earnings results on Monday. The company reported $0.19 earnings per share for the quarter, Zacks reports. The firm had revenue of $9.63 million during the quarter. Optex Systems had a return on equity of 19.78% and a net margin of 10.00%.

Optex Systems Stock Down 3.2%

Shares of OPXS traded down $0.38 during mid-day trading on Wednesday, hitting $11.38. 13,274 shares of the company’s stock were exchanged, compared to its average volume of 49,383. Optex Systems has a 52 week low of $7.80 and a 52 week high of $17.76. The stock’s 50-day simple moving average is $12.24 and its 200-day simple moving average is $13.70. The firm has a market cap of $78.94 million, a price-to-earnings ratio of 19.28 and a beta of 0.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC increased its stake in Optex Systems by 15.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 14,050 shares of the company’s stock valued at $199,000 after acquiring an additional 1,890 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Optex Systems by 15.7% during the 4th quarter. Marshall Wace LLP now owns 90,872 shares of the company’s stock worth $1,289,000 after purchasing an additional 12,337 shares in the last quarter. Archon Capital Management LLC grew its position in Optex Systems by 109.8% in the 4th quarter. Archon Capital Management LLC now owns 176,004 shares of the company’s stock valued at $2,496,000 after purchasing an additional 92,094 shares during the period. State Street Corp increased its position in shares of Optex Systems by 22.2% during the fourth quarter. State Street Corp now owns 25,857 shares of the company’s stock worth $367,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in Optex Systems by 166.6% in the 4th quarter. Wasatch Advisors LP now owns 265,743 shares of the company’s stock worth $3,768,000 after purchasing an additional 166,065 shares in the last quarter. 19.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OPXS shares. Weiss Ratings downgraded Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Freedom Capital upgraded shares of Optex Systems to a “strong-buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Optex Systems

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.