Syntec Optics (NASDAQ:OPTX) Given Sell (D) Rating at Weiss Ratings

Syntec Optics (NASDAQ:OPTX)‘s stock had its “sell (d)” rating reiterated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Syntec Optics Price Performance

NASDAQ:OPTX opened at $1.78 on Wednesday. The company’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.51. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $5.10.

Syntec Optics (NASDAQ:OPTX) last posted its quarterly earnings results on Friday, October 3rd. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.56 million for the quarter.

Hedge Funds Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Two Sigma Investments LP bought a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,189 shares of the company’s stock, valued at approximately $31,000.

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.