Optex Systems (NASDAQ:OPXS) Stock Price Down 3.3% – What’s Next?

Optex Systems Holdings Inc. (NASDAQ:OPXS) dropped 3.3% during trading on Wednesday. The company traded as low as $9.11 and last traded at $9.11. 14,418 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 39,691 shares. The stock had previously closed at $9.42.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OPXS shares. Weiss Ratings cut shares of Optex Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Zacks Research raised Optex Systems to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Optex Systems Price Performance

The firm has a market capitalization of $63.61 million, a PE ratio of 14.42 and a beta of 0.58. The firm has a fifty day moving average price of $10.15 and a 200 day moving average price of $11.96.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP lifted its position in shares of Optex Systems by 59.4% in the 2nd quarter. Wasatch Advisors LP now owns 634,671 shares of the company’s stock valued at $8,904,000 after acquiring an additional 236,523 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 7,138 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Optex Systems by 8.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company’s stock valued at $4,278,000 after buying an additional 26,515 shares in the last quarter. 19.07% of the stock is owned by hedge funds and other institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc (NASDAQ: OPXS) develops and manufactures optical and electro-optical systems and assemblies for the defense and aerospace markets. The company’s products are designed primarily for military vehicles, weapon systems, and other platforms that require precision observation, aiming, and sighting capabilities.

Its product offerings include periscopes, optical sighting systems, weapon sights, night-vision components, and related optical assemblies. Optex Systems also provides engineering, manufacturing, assembly, and repair services for specialized defense equipment.

The company serves the U.S.