Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) dropped 2.5% on Thursday . The stock traded as low as $1.50 and last traded at $1.54. Approximately 27,987 shares traded hands during trading, a decline of 34% from the average daily volume of 42,153 shares. The stock had previously closed at $1.58.
Syntec Optics Stock Up 4.1%
The company has a fifty day simple moving average of $1.59 and a 200 day simple moving average of $1.46.
Institutional Investors Weigh In On Syntec Optics
Several hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP bought a new stake in Syntec Optics in the fourth quarter worth $31,000. Jane Street Group LLC bought a new stake in Syntec Optics in the fourth quarter worth $86,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Syntec Optics by 205.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company's stock worth $29,000 after acquiring an additional 7,777 shares in the last quarter.
About Syntec Optics
(
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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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