Syntec Optics (NASDAQ:OPTX) Sets New 52-Week High – What’s Next?

Syntec Optics Holdings, Inc. (NASDAQ:OPTX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.76 and last traded at $13.3060, with a volume of 221620 shares changing hands. The stock had previously closed at $11.91.

Syntec Optics Price Performance

The stock has a fifty day moving average of $9.31 and a 200-day moving average of $6.26. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $431.56 million, a P/E ratio of -134.40 and a beta of -0.82.

Syntec Optics (NASDAQ:OPTX) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. Syntec Optics had a negative net margin of 10.95% and a negative return on equity of 30.86%. The business had revenue of $6.51 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OPTX. Magnus Financial Group LLC bought a new position in shares of Syntec Optics in the fourth quarter valued at about $36,000. Jane Street Group LLC raised its holdings in shares of Syntec Optics by 16.0% in the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock valued at $39,000 after buying an additional 1,891 shares during the last quarter. State Street Corp increased its position in Syntec Optics by 20.6% in the fourth quarter. State Street Corp now owns 42,800 shares of the company’s stock worth $122,000 after purchasing an additional 7,300 shares during the period. Arosa Capital Management LP acquired a new stake in Syntec Optics in the fourth quarter worth about $715,000. Finally, ARS Investment Partners LLC acquired a new stake in Syntec Optics in the first quarter worth about $396,000.

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.