Syntec Optics (NASDAQ:OPTX) Lowered to “Sell” Rating by Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Syntec Optics Stock Performance

NASDAQ:OPTX opened at $13.25 on Friday. 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 $533.71 million, a P/E ratio of -165.63 and a beta of -0.82. The company has a 50 day moving average price of $9.77 and a 200 day moving average price of $6.55. Syntec Optics has a fifty-two week low of $1.18 and a fifty-two week high of $14.92.

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

Hedge Funds Weigh In On Syntec Optics

Hedge funds have recently made changes to their positions in the stock. Magnus Financial Group LLC purchased a new position in Syntec Optics in the 4th quarter valued at approximately $36,000. Jane Street Group LLC lifted its position in shares of Syntec Optics by 16.0% during the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock worth $39,000 after purchasing an additional 1,891 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in Syntec Optics during the 1st quarter worth $46,000. TRU Independence Asset Management 2 LLC acquired a new stake in Syntec Optics during the 1st quarter worth $70,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Syntec Optics during the 1st quarter worth $89,000.

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.