Syntec Optics (NASDAQ:OPTX) Trading 2.8% Higher - Here's Why

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) shares shot up 2.8% on Friday . The stock traded as high as $1.52 and last traded at $1.46. 79,755 shares were traded during trading, a decline of 92% from the average session volume of 951,778 shares. The stock had previously closed at $1.42.

Syntec Optics Trading Up 1.3%

The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is $1.43 and its 200-day simple moving average is $1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Syntec Optics during the 4th quarter worth about $86,000. Tower Research Capital LLC TRC grew 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 buying an additional 7,777 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Syntec Optics by 23.9% during the fourth quarter. Geode Capital Management LLC now owns 83,009 shares of the company's stock worth $209,000 after buying an additional 16,033 shares during the period. Blue Owl Capital Holdings LP purchased a new stake in shares of Syntec Optics during the fourth quarter worth approximately $125,000. Finally, Two Sigma Investments LP acquired a new stake in Syntec Optics in the fourth quarter 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.