Syntec Optics (NASDAQ:OPTX) Trading Down 2.5% - Should You Sell?

Key Points

• Syntec Optics Holdings, Inc. saw its stock price drop by 2.5% to $1.54 during trading, with a decline in trading volume compared to its average.
• Large institutional investors have increased their stakes in Syntec Optics, with significant purchases made by Tower Research Capital LLC, Two Sigma Investments LP, and Jane Street Group LLC.
• The company specializes in manufacturing integrated optics for various sectors, including biomedical and defense, and offers a range of optical solutions such as camera modules and thin film coatings.

Shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) fell 2.5% during mid-day trading on Thursday . The stock traded as low as $1.50 and last traded at $1.54. 27,987 shares changed hands during trading, a decline of 34% from the average session volume of 42,153 shares. The stock had previously closed at $1.58.

Syntec Optics Trading Up 16.7%

The stock has a 50-day simple moving average of $1.58 and a 200 day simple moving average of $1.46.

Hedge Funds Weigh In On Syntec Optics

Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new stake in shares of Syntec Optics in the fourth quarter valued at about $31,000. Jane Street Group LLC purchased a new position in shares of Syntec Optics during the 4th quarter worth approximately $86,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Syntec Optics by 205.8% during the 4th 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 during the last 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.