Optex Systems (NASDAQ:OPXS) Trading Up 1.2% - Here's What Happened

Key Points

• Optex Systems shares rose 1.2% to $12.75, with trading volume increasing 21% from the average daily volume.
• Recent analyst ratings for Optex include a "buy (b-)" from Weiss Ratings and a downgrade from "strong-buy" to "buy" by Wall Street Zen, reflecting a current average rating of "Buy."
• The company has a market capitalization of $88.10 million and reported a net margin of 13.01% for its last earnings, with revenue of $11.11 million.

Shares of Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) were up 1.2% on Friday . The company traded as high as $12.96 and last traded at $12.75. Approximately 42,108 shares were traded during trading, an increase of 21% from the average daily volume of 34,803 shares. The stock had previously closed at $12.60.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OPXS. Weiss Ratings restated a "buy (b-)" rating on shares of Optex Systems in a research note on Saturday, September 27th. Wall Street Zen cut Optex Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Optex Systems Stock Performance

The company has a market capitalization of $88.10 million, a P/E ratio of 17.00 and a beta of 0.40. The firm has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $9.69.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.22 EPS for the quarter. The business 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 Investors Weigh In On Optex Systems

A number of hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Optex Systems during the second quarter worth approximately $604,000. Archon Capital Management LLC acquired a new position in shares of Optex Systems in the 2nd quarter worth approximately $332,000. Ameriprise Financial Inc. bought a new stake in Optex Systems during the 2nd quarter worth approximately $304,000. Fullcircle Wealth LLC acquired a new stake in Optex Systems during the 1st quarter valued at $83,000. Finally, Osaic Holdings Inc. increased 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 valued at $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.

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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