Optex Systems (NASDAQ:OPXS) Rating Lowered to Buy at Wall Street Zen

Key Points

• Optex Systems' stock rating was downgraded from "strong-buy" to "buy" by Wall Street Zen, but Weiss Ratings maintained a "buy (b-)" rating on the shares.
• Optex Systems' stock price increased by 1.2%, reaching $12.75, with a 52-week low of $5.36 and a high of $14.60.
• The company reported earnings of $0.22 per share with revenue of $11.11 million in its last quarterly results, showcasing a net margin of 13.01% and return on equity of 24.67%.

Optex Systems (NASDAQ:OPXS - Get Free Report) 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 Friday.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Optex Systems in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Optex Systems has an average rating of "Buy".

Optex Systems Stock Up 1.2%

Shares of Optex Systems stock traded up $0.15 during trading hours on Friday, reaching $12.75. 42,108 shares of the company's stock were exchanged, compared to its average volume of 34,803. Optex Systems has a 1 year low of $5.36 and a 1 year high of $14.60. The company has a market capitalization of $88.10 million, a P/E ratio of 17.00 and a beta of 0.40. The business has a fifty day moving average of $11.94 and a two-hundred day moving average of $9.69.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OPXS. Marshall Wace LLP acquired a new position in Optex Systems in the second quarter valued at about $604,000. Archon Capital Management LLC acquired a new stake in shares of Optex Systems during the second quarter worth about $332,000. Ameriprise Financial Inc. acquired a new stake in shares of Optex Systems during the second quarter worth about $304,000. Fullcircle Wealth LLC acquired a new stake in shares of Optex Systems during the first quarter worth about $83,000. Finally, Osaic Holdings Inc. lifted its position 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 worth $146,000 after purchasing an additional 10,450 shares in 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.

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