Syntec Optics (NASDAQ:OPTX) Director Albert Manzone Buys 5,000 Shares of Stock

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Director Albert Manzone acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was bought at an average price of $10.00 per share, with a total value of $50,000.00. Following the purchase, the director directly owned 30,000 shares of the company’s stock, valued at $300,000. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Albert Manzone also recently made the following trade(s):

• On Wednesday, August 19th, Albert Manzone bought 3,681 shares of Syntec Optics stock. The shares were purchased at an average price of $8.12 per share, for a total transaction of $29,889.72.

Syntec Optics Stock Up 8.5%

Shares of NASDAQ OPTX opened at $8.51 on Thursday. The business has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.70. The stock has a market cap of $342.78 million, a PE ratio of -141.83 and a beta of -0.80. The company has a quick ratio of 4.45, a current ratio of 5.97 and a debt-to-equity ratio of 0.11. Syntec Optics Holdings, Inc. has a 52-week low of $1.18 and a 52-week high of $14.92.

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

Analyst Ratings Changes

A number of research firms recently issued reports on OPTX. Wall Street Zen raised Syntec Optics from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Syntec Optics in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Syntec Optics

Several institutional investors have recently made changes to their positions in OPTX. Jane Street Group LLC boosted its holdings in Syntec Optics by 16.0% during the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock worth $39,000 after buying an additional 1,891 shares in the last quarter. State Street Corp increased its stake in Syntec Optics by 20.6% in 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 in the last quarter. Arosa Capital Management LP purchased a new position in Syntec Optics in the 4th quarter valued at approximately $715,000. ARS Investment Partners LLC acquired a new position in Syntec Optics during the first quarter worth $396,000. Finally, TRU Independence Asset Management 2 LLC acquired a new position in Syntec Optics during the first quarter worth $70,000.

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.