Syntec Optics Holdings Inc (OPTX): Uncovering A True Diamond In The Rough

Syntec Optics Holdings Inc (NASDAQ:OPTX) currently has a daily average trading volume of 2.68M but it saw 1976505 shares traded in last market. With a market cap of 134.34M USD, the company’s current market price of $3.38 came rising about 8.33 while comparing to the previous closing price of $3.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.39 and as low as $0.85. In the recent trading on the day, stock has struck highest price mark of $3.03 while lowest mark touched by it was $3.78.

Taking a look at 20-day trading activity of Syntec Optics Holdings Inc (OPTX) gives us an average price of $1.61, while its current price level is -59.71% below from 52-week high level whereas it is 299.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.44 while that of 200 days or SMA-200 reads an average of $2.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 54.51% during that period while stretching the period over a month that decreases to 32.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.32 which implies that the stock is in neutral territory.

Over the week, OPTX’s stock price is moving -4.25% down while it is 286.07% when we observe its performance for the past one month. Year-to-date it is -32.80% down and over the past year, the stock is showing a downside performance of -38.53%.

Currently, Syntec Optics Holdings Inc’s total number of outstanding shares is 36.69M. Company’s return on investment (ROI) stands at 0.81% and return on equity (ROE) at 0.17%. Stock’s beta reads -1.28. Stock has a price to book (P/B) ratio of 10.23. Its return on asset (ROA) is 0.17% on average.