Syntec Optics (NASDAQ:OPTX) Cut to “Sell” at Wall Street Zen

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

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, the company currently has a consensus rating of “Sell”.

Syntec Optics Trading Up 18.9%

NASDAQ:OPTX opened at $1.70 on Friday. The firm has a market cap of $62.76 million, a P/E ratio of -21.25 and a beta of -1.02. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $1.97 and its 200-day simple moving average is $1.71. Syntec Optics has a 12-month low of $1.02 and a 12-month high of $4.51.

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

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.