Optex Systems (NASDAQ:OPXS) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Optex Systems has received a Buy (B-) rating from Weiss Ratings, while Wall Street Zen downgraded their rating from strong-buy to buy.
• The company's stock has a market capitalization of $106.41 million and reported a net margin of 13.01% with earnings per share of $0.22 for the last quarter.
• Optex Systems' shares opened at $15.40, reflecting a significant increase of 13.5% on the trading day highlighted, with a 1-year high of $15.55.

Optex Systems (NASDAQ:OPXS - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Optex Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy".

Optex Systems Trading Up 13.5%

Shares of OPXS stock opened at $15.40 on Wednesday. Optex Systems has a 1 year low of $5.36 and a 1 year high of $15.55. The firm's fifty day moving average price is $12.06 and its two-hundred day moving average price is $9.86. The firm has a market capitalization of $106.41 million, a P/E ratio of 20.53 and a beta of 0.40.

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

Hedge Funds Weigh In On Optex Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Advocates Investment Management increased its position in Optex Systems by 9.8% in the 2nd 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 period. Huntleigh Advisors Inc. boosted its stake in shares of Optex Systems by 6.4% in the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock valued at $190,000 after purchasing an additional 2,021 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Optex Systems in the 2nd quarter valued at $30,000. LSV Asset Management bought a new position in Optex Systems during the second quarter worth $63,000. Finally, Osaic Holdings Inc. boosted its stake in Optex Systems by 454.3% during the second quarter. Osaic Holdings Inc. now owns 12,750 shares of the company's stock worth $146,000 after acquiring an additional 10,450 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors and hedge funds.

About Optex Systems

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.

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