Optex Systems (NASDAQ:OPXS) Lowered to Hold Rating by Wall Street Zen

Optex Systems (NASDAQ:OPXS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Optex Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Optex Systems Price Performance

Shares of OPXS stock opened at $13.62 on Friday. Optex Systems has a one year low of $5.36 and a one year high of $17.76. The company’s fifty day moving average price is $15.01 and its 200-day moving average price is $12.89. The company has a market capitalization of $94.52 million, a price-to-earnings ratio of 18.16 and a beta of 0.60.

Institutional Trading of Optex Systems

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Optex Systems by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 158,087 shares of the company’s stock valued at $2,038,000 after purchasing an additional 1,975 shares during the last quarter. Wasatch Advisors LP purchased a new stake in shares of Optex Systems in the third quarter worth about $1,285,000. Marshall Wace LLP purchased a new stake in shares of Optex Systems in the second quarter worth about $604,000. Ameriprise Financial Inc. boosted its stake in Optex Systems by 78.6% during the third quarter. Ameriprise Financial Inc. now owns 47,243 shares of the company’s stock valued at $609,000 after buying an additional 20,793 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Optex Systems by 106.9% during the 3rd quarter. Citadel Advisors LLC now owns 36,285 shares of the company’s stock valued at $468,000 after buying an additional 18,749 shares in the last quarter. Hedge funds and other institutional investors own 19.07% of the company’s stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.