Royal Bank of Canada Acquires Shares of 73,348 Syntec Optics Holdings, Inc. $OPTX

Royal Bank of Canada acquired a new stake in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,348 shares of the company’s stock, valued at approximately $516,000. Royal Bank of Canada owned approximately 0.20% of Syntec Optics as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OPTX. Jane Street Group LLC grew its position in Syntec Optics by 16.0% in the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock valued at $39,000 after purchasing an additional 1,891 shares during the period. Gables Capital Management Inc. bought a new position in shares of Syntec Optics in the first quarter valued at $46,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Syntec Optics in the 1st quarter worth about $70,000. OMERS ADMINISTRATION Corp bought a new position in Syntec Optics in the 1st quarter valued at about $89,000. Finally, State Street Corp boosted its stake in Syntec Optics by 20.6% during the 4th quarter. State Street Corp now owns 42,800 shares of the company’s stock valued at $122,000 after purchasing an additional 7,300 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OPTX. Weiss Ratings reissued a “sell (e+)” rating on shares of Syntec Optics in a research note on Thursday, July 2nd. Wall Street Zen raised Syntec Optics from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Syntec Optics Price Performance

Shares of NASDAQ OPTX opened at $7.84 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.45 and a current ratio of 5.97. Syntec Optics Holdings, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $14.92. The stock has a market cap of $315.80 million, a PE ratio of -130.67 and a beta of -0.80. The stock has a fifty day moving average of $8.88 and a 200-day moving average of $8.71.

Syntec Optics (NASDAQ:OPTX) last issued its earnings results on Monday, August 10th. The company reported $0.01 EPS for the quarter. Syntec Optics had a negative return on equity of 16.50% and a negative net margin of 8.26%.The business had revenue of $8.27 million during the quarter.

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.