Optex Systems (NASDAQ:OPXS) Raised to “Hold” at Zacks Research

Optex Systems (NASDAQ:OPXS) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Monday, Zacks reports.

Separately, Weiss Ratings downgraded Optex Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Optex Systems Trading Down 1.2%

OPXS opened at $10.20 on Monday. Optex Systems has a twelve month low of $9.04 and a twelve month high of $17.76. The firm has a market cap of $70.99 million, a price-to-earnings ratio of 18.55 and a beta of 0.58. The company has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $11.63.

Optex Systems (NASDAQ:OPXS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 17.57%. The business had revenue of $9.73 million during the quarter. On average, analysts forecast that Optex Systems will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Optex Systems

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in Optex Systems by 59.4% during the 2nd quarter. Wasatch Advisors LP now owns 634,671 shares of the company’s stock worth $8,904,000 after buying an additional 236,523 shares during the period. World Investment Advisors acquired a new position in shares of Optex Systems in the fourth quarter worth about $821,000. Punch & Associates Investment Management Inc. boosted its holdings in shares of Optex Systems by 8.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company’s stock worth $4,278,000 after buying an additional 26,515 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Optex Systems by 33.2% in the first quarter. Dimensional Fund Advisors LP now owns 28,618 shares of the company’s stock worth $378,000 after acquiring an additional 7,138 shares in the last quarter. 19.07% of the stock is owned by institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc develops and manufactures optical and electro-optical products primarily for military and defense applications. Through its operating subsidiary, Optex Systems, Inc, the company produces precision assemblies used in ground vehicles, weapons systems, and other defense platforms.

Its product portfolio includes periscopes, optical sighting systems, weapon sights, and related electro-optical assemblies. These products are designed for applications such as vehicle observation, targeting, surveillance, and fire control, supporting programs used by the U.S.