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 note published on Tuesday morning.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Syntec Optics in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Syntec Optics Price Performance

Syntec Optics stock opened at $3.98 on Tuesday. The company has a market capitalization of $146.94 million, a price-to-earnings ratio of -49.75 and a beta of -1.09. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Syntec Optics has a 12 month low of $1.02 and a 12 month high of $6.70. The stock’s 50 day moving average is $2.22 and its 200-day moving average is $1.95.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC purchased a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,444 shares of the company’s stock, valued at approximately $36,000.

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.