Optex Systems (NASDAQ:OPXS) Shares Up 0.8% - What's Next?

Key Points

• Optex Systems' stock price increased by 0.8%, trading between $10.96 and $10.40 with a total volume decline of 34% from its average.
• Wall Street Zen upgraded Optex Systems to a "strong-buy" rating, suggesting positive investor sentiment on June 27th.
• Recent insider transactions included the sale of 15,000 shares by Director R. Rimmy Malhotra, indicating a 13.73% decrease in ownership after the sale.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report)'s stock price traded up 0.8% on Friday . The company traded as high as $10.96 and last traded at $10.40. 40,092 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 60,633 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Optex Systems to a "strong-buy" rating in a research report on Friday, June 27th.

Optex Systems Stock Up 0.8%

The firm has a market capitalization of $71.91 million, a PE ratio of 13.87 and a beta of 0.34. The firm's 50 day moving average price is $11.80 and its two-hundred day moving average price is $8.44.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted 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%.

Insider Activity at Optex Systems

In other Optex Systems news, Director R. Rimmy Malhotra sold 15,000 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $11.01, for a total transaction of $165,150.00. Following the sale, the director directly owned 94,278 shares of the company's stock, valued at approximately $1,038,000.78. This represents a 13.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judd Dayton sold 14,077 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.28, for a total transaction of $130,634.56. Following the sale, the director directly owned 787,806 shares in the company, valued at $7,310,839.68. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,022 shares of company stock valued at $1,347,817 over the last ninety days. Corporate insiders own 30.30% of the company's stock.

Institutional Trading of Optex Systems

A number of large investors have recently modified their holdings of the company. Financial Advocates Investment Management increased its holdings in shares of Optex Systems by 9.8% in the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company's stock worth $130,000 after acquiring an additional 1,012 shares during the period. Huntleigh Advisors Inc. increased its stake in Optex Systems by 6.4% during the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock valued at $190,000 after buying an additional 2,021 shares during the period. Raymond James Financial Inc. acquired a new position in Optex Systems during the 2nd quarter valued at about $30,000. LPL Financial LLC increased its stake in Optex Systems by 22.5% during the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company's stock valued at $149,000 after buying an additional 4,000 shares during the period. Finally, Citadel Advisors LLC increased its stake in Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock valued at $162,000 after buying an additional 4,431 shares during the period. Institutional investors and hedge funds own 19.07% of the company's stock.

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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