Optex Systems (NASDAQ:OPXS) Issues Earnings Results

Optex Systems (NASDAQ:OPXS) released its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, Zacks reports. The firm had revenue of $9.63 million during the quarter. Optex Systems had a net margin of 10.75% and a return on equity of 22.12%.

Optex Systems Stock Performance

OPXS stock opened at $10.42 on Tuesday. The stock has a market capitalization of $72.31 million, a price-to-earnings ratio of 15.79 and a beta of 0.51. Optex Systems has a 1 year low of $6.69 and a 1 year high of $17.76. The stock’s fifty day moving average is $12.27 and its two-hundred day moving average is $13.73.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Freedom Capital raised shares of Optex Systems to a “strong-buy” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Institutional Investors Weigh In On Optex Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its stake in Optex Systems by 166.6% in the fourth quarter. Wasatch Advisors LP now owns 265,743 shares of the company’s stock valued at $3,768,000 after buying an additional 166,065 shares during the last quarter. Archon Capital Management LLC lifted its stake in Optex Systems by 109.8% in the fourth quarter. Archon Capital Management LLC now owns 176,004 shares of the company’s stock valued at $2,496,000 after buying an additional 92,094 shares during the last quarter. Vanguard Group Inc. lifted its stake in Optex Systems by 1.3% in the third quarter. Vanguard Group Inc. now owns 158,087 shares of the company’s stock valued at $2,038,000 after buying an additional 1,975 shares during the last quarter. Marshall Wace LLP lifted its stake in Optex Systems by 15.7% in the fourth quarter. Marshall Wace LLP now owns 90,872 shares of the company’s stock valued at $1,289,000 after buying an additional 12,337 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Optex Systems by 92.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 72,795 shares of the company’s stock valued at $1,032,000 after buying an additional 34,942 shares during the last quarter. 19.07% of the stock is currently owned by institutional investors.

About Optex Systems

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.