Syntec Optics (NASDAQ:OPTX) Trading Up 2.8% – Here’s What Happened

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) rose 2.8% during trading on Friday . The company traded as high as $1.52 and last traded at $1.46. Approximately 79,755 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 951,778 shares. The stock had previously closed at $1.42.

Syntec Optics Stock Performance

The stock has a 50-day moving average of $1.42 and a 200 day moving average of $1.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63.

Institutional Trading of Syntec Optics

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings 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 valued at $29,000 after purchasing an additional 7,777 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Syntec Optics during the fourth quarter valued at $31,000. Jane Street Group LLC acquired a new stake in Syntec Optics during the fourth quarter valued at $86,000. Blue Owl Capital Holdings LP purchased a new position in Syntec Optics in the fourth quarter valued at $125,000. Finally, Geode Capital Management LLC raised its position in shares of Syntec Optics by 23.9% in the fourth quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock worth $209,000 after acquiring an additional 16,033 shares during the period.

Syntec Optics Company Profile

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.