Syntec Optics (NASDAQ:OPTX) Downgraded to Sell Rating by Wall Street Zen

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

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

Syntec Optics Stock Up 9.4%

OPTX opened at $3.13 on Monday. The stock has a market capitalization of $115.56 million, a price-to-earnings ratio of -39.13 and a beta of -1.09. The firm has a 50 day moving average price of $1.99 and a 200-day moving average price of $1.80. Syntec Optics has a twelve month low of $1.02 and a twelve month high of $3.54. The company has a quick ratio of 0.56, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

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

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.