Syntec Optics (NASDAQ:OPTX) Announces Quarterly Earnings Results

Syntec Optics (NASDAQ:OPTX) issued its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $6.51 million during the quarter. Syntec Optics had a negative net margin of 6.38% and a negative return on equity of 17.19%.

Syntec Optics Trading Down 6.3%

NASDAQ:OPTX traded down $0.48 on Friday, reaching $7.16. 759,665 shares of the company’s stock were exchanged, compared to its average volume of 1,127,231. The company has a quick ratio of 0.65, a current ratio of 1.35 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $264.85 million, a price-to-earnings ratio of -143.20 and a beta of -0.93. The business has a fifty day moving average of $8.17 and a 200-day moving average of $5.28. Syntec Optics has a 52-week low of $1.18 and a 52-week high of $12.20.

Institutional Trading of Syntec Optics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arosa Capital Management LP purchased a new stake in Syntec Optics during the fourth quarter worth about $715,000. ARS Investment Partners LLC purchased a new stake in shares of Syntec Optics during the first quarter worth approximately $396,000. State Street Corp increased its stake in shares of Syntec Optics by 20.6% during the fourth quarter. State Street Corp now owns 42,800 shares of the company’s stock worth $122,000 after buying an additional 7,300 shares during the period. Jane Street Group LLC increased its stake in shares of Syntec Optics by 16.0% during the fourth quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock worth $39,000 after buying an additional 1,891 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Syntec Optics during the first quarter worth approximately $89,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Syntec Optics in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.