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

Optex Systems (NASDAQ:OPXS - Get Free Report) was upgraded by analysts at Wall Street Zen to a "strong-buy" rating in a research report issued to clients and investors on Friday.

Optex Systems Price Performance

Shares of NASDAQ:OPXS traded up $0.54 during midday trading on Friday, hitting $11.49. The company had a trading volume of 97,624 shares, compared to its average volume of 29,614. Optex Systems has a twelve month low of $5.36 and a twelve month high of $11.49. The stock has a market cap of $79.40 million, a price-to-earnings ratio of 16.18 and a beta of 0.25. The business's 50-day simple moving average is $8.35 and its 200-day simple moving average is $7.05.

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

Insiders Place Their Bets

In other Optex Systems news, Director Judd Dayton sold 14,077 shares of Optex Systems stock in a transaction on Monday, June 16th. The stock was sold at an average price of $9.28, for a total value of $130,634.56. Following the sale, the director now owns 787,806 shares in the company, valued at $7,310,839.68. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Danny Robert Schoening sold 10,027 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $8.01, for a total value of $80,316.27. Following the completion of the transaction, the chief executive officer now directly owns 934,581 shares in the company, valued at approximately $7,485,993.81. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,377 shares of company stock valued at $347,112 over the last ninety days. Company insiders own 30.30% of the company's stock.

Institutional Trading of Optex Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Topline Capital Management LLC purchased a new position in Optex Systems during the fourth quarter worth about $5,350,000. Fullcircle Wealth LLC purchased a new position in shares of Optex Systems during the 1st quarter worth approximately $83,000. IFP Advisors Inc acquired a new stake in Optex Systems in the 4th quarter valued at approximately $71,000. Citadel Advisors LLC raised its position in Optex Systems by 23.0% in the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock valued at $162,000 after purchasing an additional 4,431 shares during the period. Finally, LPL Financial LLC lifted its stake in Optex Systems by 22.5% during the fourth quarter. LPL Financial LLC now owns 21,775 shares of the company's stock worth $149,000 after purchasing an additional 4,000 shares in the last quarter. 19.07% of the stock is owned by institutional investors and hedge funds.

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.

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