Optex Systems (NASDAQ:OPXS) Stock Rating Lowered by Wall Street Zen

Key Points

• Optex Systems has been downgraded from a "strong-buy" rating to a "buy" rating by analysts at Wall Street Zen.
• The company reported a net margin of 13.01% and earnings of $0.22 per share for its most recent quarter.
• Institutional investors have recently increased their stakes in Optex Systems, with 19.07% of the stock now owned by such investors.

Optex Systems (NASDAQ:OPXS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Optex Systems in a report on Wednesday. One investment 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 Performance

Shares of NASDAQ OPXS opened at $14.23 on Friday. The stock has a market cap of $98.33 million, a PE ratio of 18.97 and a beta of 0.40. The business has a fifty day moving average of $12.19 and a two-hundred day moving average of $9.99. Optex Systems has a 52-week low of $5.36 and a 52-week high of $17.76.

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

Institutional Trading of Optex Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Optex Systems during the 2nd quarter worth about $30,000. LSV Asset Management bought a new stake in Optex Systems during the 2nd quarter worth about $63,000. Fullcircle Wealth LLC bought a new stake in Optex Systems during the 1st quarter worth about $83,000. Financial Advocates Investment Management raised its holdings in Optex Systems by 9.8% during the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company's stock worth $130,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Optex Systems by 454.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,750 shares of the company's stock worth $146,000 after purchasing an additional 10,450 shares during the last quarter. 19.07% of the stock is owned by institutional investors.

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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