Optex Systems (NASDAQ:OPXS) Shares Down 3.3% - Time to Sell?

Key Points

• Optex Systems shares fell 3.3% to $9.11 in mid-day trading, with volume 64% below the average. The stock is trading below its 50-day and 200-day moving averages of $10.22 and $12.01, respectively.
• Analyst sentiment remains generally positive, with one Strong Buy and two Hold ratings producing a consensus “Moderate Buy.” Zacks upgraded the stock to Hold, while Weiss Ratings lowered its Hold grade.
• The company reported quarterly EPS of $0.18 on $9.73 million in revenue, with a 9.77% net margin and 17.57% return on equity. Institutional ownership stands at 19.07%, with several major investors recently increasing their positions.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report)'s stock price traded down 3.3% during mid-day trading on Wednesday. The stock traded as low as $9.11 and last traded at $9.11. 14,418 shares changed hands during trading, a decline of 64% from the average daily volume of 39,691 shares. The stock had previously closed at $9.42.

Analyst Upgrades and Downgrades

OPXS has been the subject of a number of research reports. Zacks Research upgraded Optex Systems to a "hold" rating in a research note on Monday, October 5th. Weiss Ratings downgraded Optex Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Optex Systems Trading Down 3.3%

The company's 50-day simple moving average is $10.22 and its 200-day simple moving average is $12.01. The stock has a market capitalization of $63.41 million, a price-to-earnings ratio of 16.56 and a beta of 0.58.

Optex Systems (NASDAQ:OPXS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 EPS for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 17.57%. The company had revenue of $9.73 million for the quarter. On average, equities research analysts expect that Optex Systems Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OPXS. Wasatch Advisors LP grew its position in shares of Optex Systems by 59.4% in the 2nd quarter. Wasatch Advisors LP now owns 634,671 shares of the company's stock valued at $8,904,000 after buying an additional 236,523 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Optex Systems by 33.2% in the first quarter. Dimensional Fund Advisors LP now owns 28,618 shares of the company's stock valued at $378,000 after buying an additional 7,138 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Optex Systems by 8.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company's stock worth $4,278,000 after acquiring an additional 26,515 shares during the last quarter. 19.07% of the stock is owned by institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc NASDAQ: OPXS develops and manufactures optical and electro-optical systems and assemblies for the defense and aerospace markets. The company's products are designed primarily for military vehicles, weapon systems, and other platforms that require precision observation, aiming, and sighting capabilities.

Its product offerings include periscopes, optical sighting systems, weapon sights, night-vision components, and related optical assemblies. Optex Systems also provides engineering, manufacturing, assembly, and repair services for specialized defense equipment.

The company serves the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.