Danny Robert Schoening, a director at Optex Systems Holdings Inc. (NASDAQ: OPXS), sold 14,066 shares of the company on January 6, 2024, in a transaction valued at $183,139.32. The shares were sold at an average price of $13.02 each. Following this transaction, Schoening’s remaining shares in the company total 853,600, representing a value of approximately $11,113,872. This sale indicates a 1.62% decrease in his overall position in the firm.
The details of this sale were disclosed in a filing with the Securities and Exchange Commission, making the information publicly accessible. Such transactions typically draw attention from investors and analysts alike, as they may signal changes in confidence among company insiders.
Current Stock Performance
On the day of the transaction, shares of Optex Systems experienced a modest uptick, trading at $13.35, reflecting a 1.0% increase and a trading volume of 69,001 shares. This figure is slightly below the company’s average trading volume of 76,100 shares. The stock’s performance has fluctuated over the past year, with a low of $5.36 and a high of $17.76. As of now, the company holds a market capitalization of $92.61 million, with a price-to-earnings ratio of 17.80 and a beta of 0.64.
Investors are closely monitoring the stock’s movements, particularly given its recent trading patterns. The 50-day simple moving average stands at $14.56, while the 200-day simple moving average is at $13.29, indicating potential trends in the stock’s performance.
Analyst Ratings and Future Outlook
Recent analyst reports have provided varied insights into Optex Systems. On December 20, 2023, Wall Street Zen downgraded the stock from a “buy” rating to a “hold” rating. Conversely, Weiss Ratings reaffirmed a “buy (B-)” rating in an earlier report on October 8, 2023. Currently, one investment analyst has assigned a “buy” rating to the stock, suggesting a generally optimistic outlook among some experts.
According to data from MarketBeat.com, Optex Systems holds an average rating of “buy,” reflecting a level of confidence in the company’s potential for future growth. This interplay of insider trading and analyst opinions could influence investor sentiment as the company continues to develop its technology offerings in the defense and security sectors.
Optex Systems specializes in infrared sensing systems designed for defense and homeland security applications. The company engineers and manufactures electro-optical and infrared (EO/IR) payloads and sensors utilized across various surveillance and targeting platforms. Its product lineup includes high-resolution thermal imaging cameras, infrared seekers, laser designators, and multispectral platforms, catering to sectors such as unmanned aerial vehicles (UAVs) and ground-based observation systems.
As the market reacts to these developments, stakeholders in Optex Systems will be watching closely for further updates and insights into the company’s performance and direction in the coming months.
