Syntec Optics (NASDAQ:OPTX) Trading Up 10.5% - Time to Buy?

Key Points

• Shares jumped 10.5% intraday to as high as $7.73 (last at $7.34) on ~714,809 shares traded, about 26% above average, signaling heightened investor interest.
• Analyst sentiment remains weak overall with an average rating of "Sell" (Weiss Ratings reiterated a sell), although Wall Street Zen recently upgraded the stock to a "Hold".
• Fundamentals show a small-cap photonics company (market cap ~$271M) with a negative P/E (-91.75) but technical strength (50‑day SMA $6.34 vs 200‑day SMA $3.58) and recent institutional buying including a new $715k stake by Arosa Capital and increased positions at Jane Street and State Street.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) shares rose 10.5% during trading on Monday . The stock traded as high as $7.73 and last traded at $7.34. Approximately 714,809 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 566,473 shares. The stock had previously closed at $6.64.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a "sell (d)" rating on shares of Syntec Optics in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Syntec Optics from a "sell" rating to a "hold" rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Syntec Optics has an average rating of "Sell".

Syntec Optics Trading Up 10.5%

The company's 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $3.58. The company has a quick ratio of 0.56, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $270.99 million, a price-to-earnings ratio of -91.75 and a beta of -1.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnus Financial Group LLC acquired a new position in Syntec Optics during the 4th quarter valued at about $36,000. Jane Street Group LLC boosted its holdings in Syntec Optics by 16.0% in the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company's stock worth $39,000 after acquiring an additional 1,891 shares in the last quarter. State Street Corp boosted its holdings in Syntec Optics by 20.6% in the fourth quarter. State Street Corp now owns 42,800 shares of the company's stock worth $122,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Arosa Capital Management LP purchased a new stake in shares of Syntec Optics during the fourth quarter worth about $715,000.

Syntec Optics Company Profile

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.

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