Syntec Optics (NASDAQ:OPTX) Given Sell (D) Rating at Weiss Ratings

Key Points

• Syntec Optics (NASDAQ:OPTX) has received a "sell (D)" rating from Weiss Ratings, signaling potential concerns about the company's stock performance.
• The stock opened at $1.78, with a twelve-month range of $0.85 to $5.10, indicating significant volatility in its price.
• A new stake was acquired in Syntec Optics by Two Sigma Investments LP, which purchased 12,189 shares valued at approximately $31,000.

Syntec Optics (NASDAQ:OPTX - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Syntec Optics Price Performance

NASDAQ:OPTX opened at $1.78 on Wednesday. The company's 50-day moving average price is $1.63 and its 200-day moving average price is $1.51. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $5.10.

Syntec Optics (NASDAQ:OPTX - Get Free Report) last posted its quarterly earnings results on Friday, October 3rd. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.56 million for the quarter.

Hedge Funds Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Two Sigma Investments LP bought a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,189 shares of the company's stock, valued at approximately $31,000.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.

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