Zacks Research Upgrades Optex Systems (NASDAQ:OPXS) to "Hold"

Key Points

• Zacks Research upgraded Optex Systems to “Hold”, while Weiss Ratings slightly lowered its rating within the hold category. The stock has a consensus “Moderate Buy” rating, based on one Strong Buy and two Hold ratings.
• OPXS shares opened at $10.20, down 1.2%, with a market capitalization of approximately $71 million and a 52-week range of $9.04 to $17.76.
• Optex Systems reported quarterly earnings of $0.18 per share on $9.73 million in revenue, while institutional investors and hedge funds own approximately 19.07% of the company.

Optex Systems (NASDAQ:OPXS - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a report issued on Monday, Zacks reports.

Separately, Weiss Ratings cut Optex Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Optex Systems Stock Down 1.2%

Shares of OPXS stock opened at $10.20 on Monday. Optex Systems has a 12 month low of $9.04 and a 12 month high of $17.76. The company's fifty day simple moving average is $10.73 and its 200-day simple moving average is $11.63. The firm has a market cap of $70.99 million, a PE ratio of 18.55 and a beta of 0.58.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 17.57%. The business had revenue of $9.73 million during the quarter. On average, equities analysts predict that Optex Systems will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Optex Systems

Several hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP grew its stake in shares of Optex Systems by 59.4% in the second 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. World Investment Advisors acquired a new stake in Optex Systems in the 4th quarter worth about $821,000. Punch & Associates Investment Management Inc. raised its stake in Optex Systems by 8.9% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company's stock worth $4,278,000 after purchasing an additional 26,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Optex Systems by 33.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,618 shares of the company's stock valued at $378,000 after purchasing an additional 7,138 shares during the period. 19.07% of the stock is currently owned by institutional investors and hedge funds.

Optex Systems Company Profile

Optex Systems Holdings, Inc develops and manufactures optical and electro-optical products primarily for military and defense applications. Through its operating subsidiary, Optex Systems, Inc, the company produces precision assemblies used in ground vehicles, weapons systems, and other defense platforms.

Its product portfolio includes periscopes, optical sighting systems, weapon sights, and related electro-optical assemblies. These products are designed for applications such as vehicle observation, targeting, surveillance, and fire control, supporting programs used by the U.S.

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