Optex Systems (NASDAQ:OPXS) Issues Earnings Results

Optex Systems (NASDAQ:OPXS) released its earnings results on Tuesday. The company reported $0.18 EPS for the quarter, FiscalAI reports. Optex Systems had a return on equity of 19.33% and a net margin of 10.00%.The business had revenue of $9.73 million for the quarter.

Optex Systems Stock Performance

Shares of NASDAQ:OPXS traded up $0.19 during trading on Tuesday, reaching $11.61. 15,224 shares of the stock traded hands, compared to its average volume of 44,590. The stock has a 50-day moving average of $12.48 and a two-hundred day moving average of $12.56. Optex Systems has a 52-week low of $9.74 and a 52-week high of $17.76. The stock has a market cap of $80.81 million, a P/E ratio of 19.68 and a beta of 0.51.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Optex Systems in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Optex Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Optex Systems in the 2nd quarter worth $30,000. Bank of America Corp DE boosted its position in shares of Optex Systems by 6,439.6% during the third quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock valued at $45,000 after buying an additional 3,413 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Optex Systems during the third quarter valued at $142,000. Jane Street Group LLC bought a new stake in Optex Systems in the 4th quarter worth about $163,000. Finally, Osaic Holdings Inc. raised its position in Optex Systems by 454.3% in the 2nd quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock worth $146,000 after buying an additional 10,450 shares during the last quarter. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

Optex Systems Company Profile

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.