Syntec Optics (NASDAQ:OPTX) Stock Price Up 4.9% – What’s Next?

Syntec Optics Holdings, Inc. (NASDAQ:OPTX)’s share price rose 4.9% during trading on Monday . The stock traded as high as $12.47 and last traded at $11.91. Approximately 449,573 shares were traded during trading, a decline of 68% from the average daily volume of 1,394,520 shares. The stock had previously closed at $11.35.

Syntec Optics Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.28. The stock has a market capitalization of $479.73 million, a P/E ratio of -148.88 and a beta of -0.82. The firm has a 50-day moving average price of $9.31 and a 200 day moving average price of $6.26.

Syntec Optics (NASDAQ:OPTX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $6.51 million for the quarter. Syntec Optics had a negative net margin of 10.95% and a negative return on equity of 30.86%.

Hedge Funds Weigh In On Syntec Optics

Several institutional investors have recently modified their holdings of OPTX. Arosa Capital Management LP bought a new position in shares of Syntec Optics during the 4th quarter valued at about $715,000. Royal Bank of Canada bought a new position in shares of Syntec Optics during the 1st quarter valued at about $516,000. ARS Investment Partners LLC bought a new position in shares of Syntec Optics during the 1st quarter valued at about $396,000. OMERS ADMINISTRATION Corp bought a new position in shares of Syntec Optics during the 1st quarter valued at about $89,000. Finally, Magnus Financial Group LLC bought a new position in Syntec Optics during the 4th quarter worth approximately $36,000.

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.