Optex Systems (NASDAQ:OPXS) Stock Price Down 4.2% - Should You Sell?

Key Points

• Optex Systems shares fell 4.2% in midday trading Monday, slipping to a low of $12.01 before last trading at $12.22, below the prior close of $12.76.
• Analyst sentiment is mixed but slightly positive: Freedom Capital upgraded the stock to strong-buy, while Weiss Ratings reiterated a hold; MarketBeat shows an overall average rating of Buy.
• The company recently reported quarterly earnings of $0.19 EPS on $9.63 million in revenue, and institutional ownership has been active, with hedge funds and other investors holding about 19.07% of shares.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report)'s stock price dropped 4.2% during mid-day trading on Monday . The company traded as low as $12.01 and last traded at $12.22. Approximately 35,238 shares were traded during mid-day trading, a decline of 4% from the average session volume of 36,636 shares. The stock had previously closed at $12.76.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Freedom Capital raised Optex Systems to a "strong-buy" rating in a report on Monday, April 6th. Weiss Ratings reissued a "hold (c+)" rating on shares of Optex Systems in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy".

Optex Systems Stock Performance

The stock's fifty day moving average is $12.33 and its 200 day moving average is $12.86. The stock has a market cap of $85.05 million, a P/E ratio of 20.71 and a beta of 0.47.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 EPS for the quarter. Optex Systems had a return on equity of 19.33% and a net margin of 10.00%.The company had revenue of $9.63 million during the quarter.

Hedge Funds Weigh In On Optex Systems

A number of institutional investors and hedge funds have recently modified their holdings of OPXS. Wasatch Advisors LP raised its holdings in Optex Systems by 59.4% during the 2nd quarter. Wasatch Advisors LP now owns 634,671 shares of the company's stock valued at $8,904,000 after buying an additional 236,523 shares during the period. Archon Capital Management LLC boosted its stake in Optex Systems by 109.8% during the fourth quarter. Archon Capital Management LLC now owns 176,004 shares of the company's stock worth $2,496,000 after buying an additional 92,094 shares during the period. World Investment Advisors bought a new position in Optex Systems during the fourth quarter valued at $821,000. Marshall Wace LLP bought a new position in Optex Systems during the second quarter valued at $604,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Optex Systems by 92.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 72,795 shares of the company's stock valued at $1,032,000 after acquiring an additional 34,942 shares during the period. Hedge funds and other institutional investors own 19.07% of the company's stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc NASDAQ: OPXS is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems' product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.

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