Syntec Optics (NASDAQ:OPTX) Stock Price Down 5.8% - Time to Sell?

Key Points

• Syntec Optics shares fell by 5.8% on mid-day trading, closing at $1.45, with a notable drop in trading volume by 53% compared to its average session.
• Recent institutional activity includes Tower Research Capital LLC increasing its stake by 205.8%, while other firms like Two Sigma Investments LP and Jane Street Group LLC also acquired new positions in the company.
• The company's operations focus on integrated optics for various applications, including biomedical and defense, with offerings such as camera modules and precision machining services.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report)'s stock price dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $1.45 and last traded at $1.45. Approximately 71,332 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 151,360 shares. The stock had previously closed at $1.54.

Syntec Optics Stock Up 2.2%

The stock has a fifty day moving average of $1.52 and a 200-day moving average of $1.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OPTX. Tower Research Capital LLC TRC increased its position in shares of Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company's stock worth $29,000 after purchasing an additional 7,777 shares in the last quarter. Two Sigma Investments LP acquired a new position in Syntec Optics in the 4th quarter valued at about $31,000. Jane Street Group LLC acquired a new position in Syntec Optics in the 4th quarter valued at about $86,000. Blue Owl Capital Holdings LP acquired a new position in Syntec Optics in the 4th quarter valued at about $125,000. Finally, Geode Capital Management LLC lifted its stake in shares of Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company's stock worth $209,000 after acquiring an additional 16,033 shares during the period.

Syntec Optics Company Profile

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.