Optex Systems (NASDAQ:OPXS) Announces Earnings Results

by · The Cerbat Gem

Optex Systems (NASDAQ:OPXS – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.60) EPS for the quarter, FiscalAI reports. Optex Systems had a return on equity of 24.67% and a net margin of 13.01%.The company had revenue of ($30.04) million for the quarter.

Optex Systems Stock Down 12.2%

Shares of OPXS stock opened at $12.57 on Wednesday. Optex Systems has a 12 month low of $5.36 and a 12 month high of $17.76. The company has a market cap of $86.84 million, a PE ratio of 16.99 and a beta of 0.60. The business’s 50 day moving average is $15.11 and its two-hundred day moving average is $12.85.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Optex Systems in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Optex Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Optex Systems has an average rating of “Buy”.

Get Our Latest Stock Report on OPXS

Hedge Funds Weigh In On Optex Systems

Several large investors have recently made changes to their positions in OPXS. Raymond James Financial Inc. acquired a new position in shares of Optex Systems during the second quarter valued at about $30,000. Bank of America Corp DE raised its stake in shares of Optex Systems by 6,439.6% in the third quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock valued at $45,000 after purchasing an additional 3,413 shares in the last quarter. LSV Asset Management bought a new position in Optex Systems in the second quarter worth $63,000. Bridgeway Capital Management LLC acquired a new stake in Optex Systems during the third quarter worth $142,000. Finally, Financial Advocates Investment Management increased its holdings in Optex Systems by 9.8% in the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock valued at $130,000 after buying an additional 1,012 shares during the period. Institutional investors and hedge funds own 19.07% of the company’s stock.

About Optex Systems

(Get Free Report)

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.

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