Syntec Optics (NASDAQ:OPTX) Trading Up 1.3% – Time to Buy?

Syntec Optics Holdings, Inc. (NASDAQ:OPTX)’s share price was up 1.3% on Friday . The stock traded as high as $1.64 and last traded at $1.60. Approximately 84,608 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 200,147 shares. The stock had previously closed at $1.58.

Syntec Optics Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. The company has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $1.63.

Institutional Trading of Syntec Optics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP purchased a new position in Syntec Optics during the fourth quarter worth about $31,000. Jane Street Group LLC purchased a new position in Syntec Optics during the fourth quarter worth about $86,000. Tower Research Capital LLC TRC lifted its position in 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 during the period. Geode Capital Management LLC lifted its position in 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. Finally, Blue Owl Capital Holdings LP purchased a new position in Syntec Optics during the fourth quarter worth about $125,000.

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.