Syntec Optics (NASDAQ:OPTX) Upgraded to “Hold” at Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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

Syntec Optics Stock Up 2.4%

Syntec Optics stock opened at $4.63 on Tuesday. Syntec Optics has a one year low of $1.02 and a one year high of $6.70. The stock has a fifty day moving average of $2.11 and a 200 day moving average of $1.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 1.22. The stock has a market cap of $170.94 million, a PE ratio of -57.88 and a beta of -1.09.

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. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%. The firm had revenue of $6.95 million for the quarter.

Institutional Trading of Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC bought a new stake in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.