Optex Systems' (OPXS) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings reaffirmed Optex Systems' "buy (B-)" rating, indicating continued confidence in the company's stock performance.
• Optex Systems reported $0.22 earnings per share for the latest quarter, with a revenue of $11.11 million and a return on equity of 24.67%.
• Hedge funds and institutional investors own 19.07% of Optex Systems stock, with several new positions purchased in the recent quarters.

Optex Systems (NASDAQ:OPXS - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Optex Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Optex Systems has an average rating of "Buy".

Optex Systems Trading Down 0.5%

Shares of OPXS opened at $17.04 on Friday. The company has a market cap of $117.75 million, a PE ratio of 22.72 and a beta of 0.40. The stock has a 50-day moving average price of $12.87 and a 200-day moving average price of $10.73. Optex Systems has a 12-month low of $5.36 and a 12-month high of $17.76.

Optex Systems (NASDAQ:OPXS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm 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%.

Hedge Funds Weigh In On Optex Systems

A number of large investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in Optex Systems in the 2nd quarter worth approximately $604,000. Huntleigh Advisors Inc. increased its stake in Optex Systems by 6.4% in the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock worth $190,000 after purchasing an additional 2,021 shares during the period. Archon Capital Management LLC purchased a new position in Optex Systems in the 2nd quarter worth approximately $332,000. Ameriprise Financial Inc. purchased a new position in Optex Systems in the 2nd quarter worth approximately $304,000. Finally, Fullcircle Wealth LLC purchased a new position in Optex Systems in the 1st quarter worth approximately $83,000. 19.07% of the stock is owned by hedge funds and other institutional investors.

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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