Optex Systems (NASDAQ:OPXS) Trading 0.8% Higher – Here’s What Happened

Optex Systems Holdings Inc. (NASDAQ:OPXS) shares were up 0.8% during mid-day trading on Friday . The stock traded as high as $10.96 and last traded at $10.40. Approximately 40,092 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 60,633 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Optex Systems to a “strong-buy” rating in a research report on Friday, June 27th.

Optex Systems Price Performance

The stock’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $8.44. The stock has a market capitalization of $71.91 million, a price-to-earnings ratio of 13.87 and a beta of 0.34.

Optex Systems (NASDAQ:OPXS) last issued 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 business had revenue of $11.11 million during the quarter.

Insider Buying and Selling at Optex Systems

In other Optex Systems news, Director R. Rimmy Malhotra sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $11.01, for a total value of $165,150.00. Following the completion of the sale, the director owned 94,278 shares in the company, valued at approximately $1,038,000.78. This trade represents a 13.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp sold 47,700 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $11.68, for a total transaction of $557,136.00. Following the completion of the sale, the insider owned 691,256 shares of the company’s stock, valued at $8,073,870.08. The trade was a 6.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,022 shares of company stock worth $1,347,817. 30.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Optex Systems

Several large investors have recently bought and sold shares of OPXS. Raymond James Financial Inc. bought a new stake in Optex Systems in the second quarter valued at approximately $30,000. LSV Asset Management acquired a new stake in Optex Systems during the 2nd quarter worth approximately $63,000. Fullcircle Wealth LLC acquired a new stake in Optex Systems during the 1st quarter worth approximately $83,000. Financial Advocates Investment Management raised its holdings in Optex Systems by 9.8% during the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock worth $130,000 after buying an additional 1,012 shares during the period. Finally, LPL Financial LLC raised its holdings in Optex Systems by 22.5% during the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock worth $149,000 after buying an additional 4,000 shares during the period. Institutional investors own 19.07% of the company’s stock.

About Optex Systems

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.