Syntec Optics (NASDAQ:OPTX) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Syntec Optics (NASDAQ:OPTX) from a hold rating to a sell rating in a research report released on Monday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Syntec Optics in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Syntec Optics currently has an average rating of “Sell”.

Syntec Optics Price Performance

OPTX opened at $2.95 on Monday. The firm has a market capitalization of $108.91 million, a PE ratio of -36.88 and a beta of -1.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. The business’s 50-day moving average is $2.02 and its two-hundred day moving average is $1.83. Syntec Optics has a 1 year low of $1.02 and a 1 year high of $3.59.

Syntec Optics (NASDAQ:OPTX) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.04) EPS for the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%. The firm had revenue of $6.95 million for the quarter.

Hedge Funds Weigh In On Syntec Optics

An institutional investor recently bought a new position in Syntec Optics stock. Magnus Financial Group LLC purchased a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,444 shares of the company’s stock, valued at approximately $36,000.

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.