Syntec Optics (NASDAQ:OPTX) Raised to Hold at Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

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

Syntec Optics Price Performance

NASDAQ:OPTX opened at $2.55 on Friday. The firm has a market cap of $94.15 million, a price-to-earnings ratio of -31.88 and a beta of -1.02. Syntec Optics has a one year low of $1.02 and a one year high of $4.51. The firm’s fifty day moving average is $1.98 and its two-hundred day moving average is $1.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 1.22.

Syntec Optics (NASDAQ:OPTX) last announced its quarterly 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 company had revenue of $6.95 million during 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.