Optex Systems (NASDAQ:OPXS) Cut to Hold at Wall Street Zen

Optex Systems (NASDAQ:OPXS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Optex Systems Stock Up 0.1%

Optex Systems stock opened at $13.62 on Friday. The company’s 50-day moving average price is $15.01 and its 200-day moving average price is $12.89. The company has a market cap of $94.52 million, a PE ratio of 18.16 and a beta of 0.60. Optex Systems has a twelve month low of $5.36 and a twelve month high of $17.76.

Hedge Funds Weigh In On Optex Systems

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Optex Systems in the second quarter worth approximately $30,000. Bank of America Corp DE grew its stake in Optex Systems by 6,439.6% during the 3rd quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock valued at $45,000 after purchasing an additional 3,413 shares during the last quarter. LSV Asset Management purchased a new stake in Optex Systems during the 2nd quarter valued at about $63,000. Financial Advocates Investment Management increased its holdings in shares of Optex Systems by 9.8% in the second quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock valued at $130,000 after purchasing an additional 1,012 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Optex Systems in the third quarter worth about $142,000. Hedge funds and other institutional investors own 19.07% of the company’s stock.

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.