Wall Street Zen Upgrades Syntec Optics (NASDAQ:OPTX) to Hold

Syntec Optics (NASDAQ:OPTX) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

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

Syntec Optics Stock Performance

Syntec Optics stock opened at $2.55 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. The firm has a market capitalization of $94.15 million, a P/E ratio of -31.88 and a beta of -1.02. Syntec Optics has a 1-year low of $1.02 and a 1-year high of $4.51. The company’s 50-day moving average is $1.98 and its 200 day moving average is $1.74.

Syntec Optics (NASDAQ:OPTX) last released 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 business had revenue of $6.95 million for 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.