Optex Systems (NASDAQ:OPXS) Stock Price Down 4.2% – Here’s What Happened

Optex Systems Holdings Inc. (NASDAQ:OPXS)’s stock price was down 4.2% during trading on Monday . The stock traded as low as $12.01 and last traded at $12.22. Approximately 35,238 shares traded hands during trading, a decline of 4% from the average daily volume of 36,636 shares. The stock had previously closed at $12.76.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OPXS. Weiss Ratings reissued a “hold (c+)” rating on shares of Optex Systems in a research report on Wednesday, May 13th. Freedom Capital upgraded Optex Systems to a “strong-buy” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Optex Systems Stock Down 4.2%

The business has a 50 day simple moving average of $12.33 and a two-hundred day simple moving average of $12.86. The firm has a market cap of $85.05 million, a PE ratio of 20.71 and a beta of 0.47.

Optex Systems (NASDAQ:OPXS) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $9.63 million during the quarter. Optex Systems had a return on equity of 19.33% and a net margin of 10.00%.

Institutional Investors Weigh In On Optex Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Optex Systems in the 2nd quarter valued at about $30,000. Bank of America Corp DE increased its position in shares of Optex Systems by 6,439.6% during the third quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock worth $45,000 after acquiring an additional 3,413 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of Optex Systems during the third quarter worth approximately $142,000. Osaic Holdings Inc. raised its stake in shares of Optex Systems by 454.3% during the second quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock valued at $146,000 after acquiring an additional 10,450 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Optex Systems during the fourth quarter valued at approximately $163,000. Institutional investors own 19.07% of the company’s stock.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.