Syntec Optics (NASDAQ:OPTX) Lowered to Sell Rating by Wall Street Zen

Syntec Optics (NASDAQ:OPTX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Syntec Optics in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Syntec Optics presently has a consensus rating of “Sell”.

Syntec Optics Stock Up 18.9%

Shares of NASDAQ:OPTX opened at $1.70 on Friday. The company has a market capitalization of $62.76 million, a PE ratio of -21.25 and a beta of -1.02. The company has a current ratio of 1.22, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Syntec Optics has a twelve month low of $1.02 and a twelve month high of $4.51. The firm has a 50 day simple moving average of $1.97 and a 200-day simple moving average of $1.71.

Syntec Optics (NASDAQ:OPTX) last posted its earnings results on Friday, November 14th. The company reported ($0.04) EPS for the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%. The company had revenue of $6.95 million during the quarter.

About Syntec Optics

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.