Syntec Optics (NASDAQ:OPTX) Issues Quarterly Earnings Results

Syntec Optics (NASDAQ:OPTX) released its earnings results on Friday. The company reported ($0.02) EPS for the quarter, FiscalAI reports. Syntec Optics had a negative return on equity of 17.19% and a negative net margin of 6.38%.The company had revenue of $6.51 million during the quarter.

Syntec Optics Stock Performance

Shares of NASDAQ:OPTX traded down $0.48 during midday trading on Friday, reaching $7.16. 759,665 shares of the company’s stock traded hands, compared to its average volume of 1,127,231. The company has a market cap of $264.85 million, a price-to-earnings ratio of -143.20 and a beta of -0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 1.35. Syntec Optics has a one year low of $1.18 and a one year high of $12.20. The stock has a 50 day moving average of $8.17 and a 200 day moving average of $5.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp bought a new position in shares of Syntec Optics during the first quarter valued at $89,000. Gables Capital Management Inc. bought a new position in shares of Syntec Optics during the first quarter valued at $46,000. TRU Independence Asset Management 2 LLC bought a new position in shares of Syntec Optics during the first quarter valued at $70,000. ARS Investment Partners LLC bought a new position in shares of Syntec Optics during the first quarter valued at $396,000. Finally, Arosa Capital Management LP bought a new position in shares of Syntec Optics during the fourth quarter valued at $715,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Syntec Optics in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Syntec Optics Company Profile

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.