Wall Street Zen Downgrades Optex Systems (NASDAQ:OPXS) to Buy

Optex Systems (NASDAQ:OPXS) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Optex Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Optex Systems Trading Down 7.9%

Shares of OPXS stock opened at $14.23 on Friday. The company has a market capitalization of $98.33 million, a P/E ratio of 18.97 and a beta of 0.40. The business’s 50 day moving average is $12.19 and its two-hundred day moving average is $10.04. Optex Systems has a 12-month low of $5.36 and a 12-month high of $17.76.

Optex Systems (NASDAQ:OPXS) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $11.11 million for the quarter. Optex Systems had a return on equity of 24.67% and a net margin of 13.01%.

Hedge Funds Weigh In On Optex Systems

A number of hedge funds have recently made changes to their positions in the company. Financial Advocates Investment Management raised its holdings in shares of Optex Systems by 9.8% during the second quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock valued at $130,000 after acquiring an additional 1,012 shares during the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of Optex Systems by 6.4% during the first quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company’s stock valued at $190,000 after acquiring an additional 2,021 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Optex Systems during the second quarter valued at approximately $30,000. LSV Asset Management acquired a new position in shares of Optex Systems during the second quarter valued at approximately $63,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Optex Systems by 454.3% during the second quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock valued at $146,000 after acquiring an additional 10,450 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company’s stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.