Syntec Optics (NASDAQ:OPTX) Stock Rating Lowered by Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Syntec Optics in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Syntec Optics Stock Performance

Shares of OPTX opened at $1.70 on Friday. The company has a market cap of $62.76 million, a PE ratio of -21.25 and a beta of -1.02. The firm has a 50-day moving average of $1.97 and a 200-day moving average of $1.71. Syntec Optics has a one year low of $1.02 and a one year high of $4.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56.

Syntec Optics (NASDAQ:OPTX) last issued its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%. The firm had revenue of $6.95 million during the quarter.

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.