Syntec Optics (NASDAQ:OPTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Syntec Optics (NASDAQ:OPTX) from a sell rating to a hold rating in a research report sent to investors on Sunday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Syntec Optics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Syntec Optics Stock Up 11.5%

OPTX stock opened at $3.01 on Friday. The company’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $1.76. The firm has a market capitalization of $111.13 million, a PE ratio of -37.63 and a beta of -1.02. Syntec Optics has a 12 month low of $1.02 and a 12 month high of $3.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56.

Syntec Optics (NASDAQ:OPTX) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.95 million for the quarter. Syntec Optics had a negative return on equity of 27.66% and a negative net margin of 10.71%.

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.