Syntec Optics (NASDAQ:OPTX) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Syntec Optics (NASDAQ:OPTX) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Syntec Optics in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Syntec Optics currently has a consensus rating of “Sell”.

Syntec Optics Stock Performance

NASDAQ OPTX opened at $2.55 on Friday. The stock has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.74. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a market cap of $94.15 million, a PE ratio of -31.88 and a beta of -1.02. Syntec Optics has a twelve month low of $1.02 and a twelve month high of $4.51.

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

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.