Optex Systems (NASDAQ:OPXS) Upgraded to "Strong-Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Optex Systems (NASDAQ:OPXS - Free Report) to a strong-buy rating in a research note released on Friday morning.

Optex Systems Price Performance

OPXS remained flat at $11.49 during trading on Friday. 131,256 shares of the company's stock were exchanged, compared to its average volume of 29,969. The stock has a market capitalization of $79.40 million, a PE ratio of 16.18 and a beta of 0.25. The company has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $7.04. Optex Systems has a twelve month low of $5.36 and a twelve month high of $12.01.

Optex Systems (NASDAQ:OPXS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.26 EPS for the quarter. The business had revenue of $10.73 million for the quarter. Optex Systems had a net margin of 13.06% and a return on equity of 25.10%.

Insider Activity at Optex Systems

In other news, CEO Danny Robert Schoening sold 10,027 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $8.01, for a total transaction of $80,316.27. Following the transaction, the chief executive officer owned 934,581 shares of the company's stock, valued at $7,485,993.81. This represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Judd Dayton sold 14,077 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.28, for a total transaction of $130,634.56. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 144,022 shares of company stock worth $1,524,559 over the last quarter. Company insiders own 30.30% of the company's stock.

Hedge Funds Weigh In On Optex Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fullcircle Wealth LLC bought a new position in shares of Optex Systems during the 1st quarter worth about $83,000. Huntleigh Advisors Inc. lifted its position in Optex Systems by 6.4% in the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock valued at $190,000 after acquiring an additional 2,021 shares in the last quarter. Citadel Advisors LLC lifted its position in Optex Systems by 23.0% in the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock valued at $162,000 after acquiring an additional 4,431 shares in the last quarter. Topline Capital Management LLC bought a new position in Optex Systems in the 4th quarter valued at about $5,350,000. Finally, LPL Financial LLC lifted its position in Optex Systems by 22.5% in the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company's stock valued at $149,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors 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.