Syntec Optics (NASDAQ:OPTX) Shares Up 0.6% - Still a Buy?

Key Points

• Syntec Optics shares increased by 0.6% during mid-day trading, closing at $1.55, though the trading volume was down by 81% from its average.
• Hedge fund Jane Street Group LLC recently acquired 34,298 shares of Syntec Optics, valued at approximately $86,000, signaling increased institutional interest.
• Syntec Optics specializes in manufacturing integrated optics for various sectors, including biomedical, defense, and consumer applications.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - ) shot up 0.6% during mid-day trading on Friday . The company traded as high as $1.55 and last traded at $1.55. 65,636 shares changed hands during trading, a decline of 81% from the average session volume of 342,743 shares. The stock had previously closed at $1.54.

Syntec Optics Trading Up 0.6%

The business's 50-day moving average is $1.67 and its 200-day moving average is $1.49.

Institutional Trading of Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Jane Street Group LLC acquired a new stake in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 34,298 shares of the company's stock, valued at approximately $86,000. Jane Street Group LLC owned approximately 0.09% of Syntec Optics at the end of the most recent quarter.

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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