Optex Systems (NASDAQ:OPXS) Posts Quarterly Earnings Results

Optex Systems (NASDAQ:OPXS) released its earnings results on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Optex Systems had a net margin of 10.75% and a return on equity of 22.12%.

Optex Systems Stock Up 2.2%

OPXS stock traded up $0.22 during trading on Monday, hitting $10.42. The company had a trading volume of 23,202 shares, compared to its average volume of 47,636. The firm has a market capitalization of $72.28 million, a P/E ratio of 15.79 and a beta of 0.51. Optex Systems has a 52-week low of $6.69 and a 52-week high of $17.76. The company has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $13.83.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Optex Systems during the 2nd quarter valued at about $30,000. Bank of America Corp DE increased its position in Optex Systems by 6,439.6% during the 3rd quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock valued at $45,000 after purchasing an additional 3,413 shares during the period. Bridgeway Capital Management LLC purchased a new position in Optex Systems during the 3rd quarter valued at about $142,000. Jane Street Group LLC purchased a new position in Optex Systems during the 4th quarter valued at about $163,000. Finally, Osaic Holdings Inc. increased its position in Optex Systems by 454.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock valued at $146,000 after purchasing an additional 10,450 shares during the period. Hedge funds and other institutional investors own 19.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Freedom Capital raised shares of Optex Systems to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings downgraded shares of Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

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.