Optex Systems (NASDAQ:OPXS) Raised to Strong-Buy at Freedom Capital

Optex Systems (NASDAQ:OPXS) was upgraded by equities research analysts at Freedom Capital to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen lowered Optex Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings lowered Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Optex Systems Stock Down 1.8%

OPXS opened at $12.79 on Monday. Optex Systems has a twelve month low of $5.41 and a twelve month high of $17.76. The company has a fifty day moving average of $13.47 and a 200-day moving average of $14.20. The stock has a market cap of $88.72 million, a PE ratio of 19.38 and a beta of 0.71.

Optex Systems (NASDAQ:OPXS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.03 earnings per share for the quarter. Optex Systems had a net margin of 10.75% and a return on equity of 22.12%. The company had revenue of $9.15 million during the quarter.

Insider Transactions at Optex Systems

In other Optex Systems news, Director Danny Robert Schoening sold 28,924 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $14.06, for a total value of $406,671.44. Following the transaction, the director directly owned 796,730 shares of the company’s stock, valued at approximately $11,202,023.80. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

Several hedge funds and other institutional investors have recently modified their holdings of OPXS. Marshall Wace LLP bought a new stake in shares of Optex Systems during the second quarter valued at approximately $604,000. Raymond James Financial Inc. bought a new stake in shares of Optex Systems during the second quarter valued at approximately $30,000. Ameriprise Financial Inc. bought a new stake in shares of Optex Systems during the second quarter valued at approximately $304,000. Osaic Holdings Inc. increased its holdings 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, Ritholtz Wealth Management bought a new stake in shares of Optex Systems during the third quarter valued at approximately $289,000. 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.