Optex Systems (NASDAQ:OPXS) Upgraded at Zacks Research

Zacks Research upgraded shares of Optex Systems (NASDAQ:OPXS) to a hold rating in a research report released on Monday morning,Zacks reports.

Separately, Weiss Ratings cut shares of Optex Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Optex Systems presently has an average rating of “Moderate Buy”.

Optex Systems Stock Performance

OPXS stock opened at $10.19 on Monday. The firm has a fifty day moving average price of $10.72 and a 200 day moving average price of $11.61. Optex Systems has a fifty-two week low of $9.04 and a fifty-two week high of $17.76. The firm has a market cap of $70.92 million, a PE ratio of 18.53 and a beta of 0.58.

Optex Systems (NASDAQ:OPXS) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter. Optex Systems had a net margin of 9.77% and a return on equity of 17.57%. The company had revenue of $9.73 million for the quarter. On average, equities analysts predict that Optex Systems will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Optex Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Optex Systems by 33.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,618 shares of the company’s stock valued at $378,000 after purchasing an additional 7,138 shares in the last quarter. World Investment Advisors bought a new position in shares of Optex Systems during the fourth quarter valued at approximately $821,000. Punch & Associates Investment Management Inc. increased its position in shares of Optex Systems by 8.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 323,475 shares of the company’s stock valued at $4,278,000 after buying an additional 26,515 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of Optex Systems by 49.8% in the 1st quarter. Wasatch Advisors LP now owns 398,148 shares of the company’s stock valued at $5,266,000 after purchasing an additional 132,405 shares during the period. 19.07% of the stock is currently owned by institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc develops and manufactures optical and electro-optical products primarily for military and defense applications. Through its operating subsidiary, Optex Systems, Inc, the company produces precision assemblies used in ground vehicles, weapons systems, and other defense platforms.

Its product portfolio includes periscopes, optical sighting systems, weapon sights, and related electro-optical assemblies. These products are designed for applications such as vehicle observation, targeting, surveillance, and fire control, supporting programs used by the U.S.