Wall Street Zen Downgrades Optex Systems (NASDAQ:OPXS) to Buy

Optex Systems (NASDAQ:OPXS) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Optex Systems in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Optex Systems Trading Up 1.2%

NASDAQ OPXS opened at $12.75 on Friday. The stock’s 50 day moving average is $11.94 and its 200 day moving average is $9.72. Optex Systems has a 12 month low of $5.36 and a 12 month high of $14.60. The stock has a market cap of $88.10 million, a PE ratio of 17.00 and a beta of 0.40.

Optex Systems (NASDAQ:OPXS) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.22 EPS for the quarter. Optex Systems had a return on equity of 24.67% and a net margin of 13.01%.The company had revenue of $11.11 million for the quarter.

Institutional Trading of Optex Systems

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in Optex Systems by 454.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,750 shares of the company’s stock valued at $146,000 after buying an additional 10,450 shares during the period. Ameriprise Financial Inc. purchased a new stake in Optex Systems during the 2nd quarter valued at $304,000. Raymond James Financial Inc. purchased a new stake in Optex Systems during the 2nd quarter valued at $30,000. Archon Capital Management LLC purchased a new stake in Optex Systems during the 2nd quarter valued at $332,000. Finally, Marshall Wace LLP purchased a new stake in Optex Systems during the 2nd quarter valued at $604,000. 19.07% of the stock is owned by hedge funds and other institutional investors.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.