Danny Robert Schoening, a director at Optex Systems Holdings Inc. (NASDAQ: OPXS), sold 14,066 shares of the company on January 6, 2024. The shares were sold at an average price of $13.02, amounting to a total transaction value of $183,139.32. Following this sale, Schoening holds 853,600 shares in the company, which are currently valued at approximately $11,113,872. This transaction reflects a 1.62% decrease in Schoening’s ownership stake.
The details of the sale were disclosed in a filing with the Securities & Exchange Commission, which is publicly accessible. This move comes as Optex Systems continues to navigate a fluctuating market environment.
Optex Systems shares experienced a slight increase during midday trading on the same day, rising by 1.0% to reach $13.35. The trading volume for Optex was 69,001 shares, which is lower than its average trading volume of 76,100 shares. The company maintains a market capitalization of $92.61 million and has a price-to-earnings ratio of 17.80, with a beta of 0.64. Over the past year, the stock has traded between a low of $5.36 and a high of $17.76.
Analyst Insights and Company Profile
Recent analyst reports have influenced the stock’s outlook. On December 20, 2023, Wall Street Zen downgraded Optex Systems from a “buy” rating to a “hold” rating. Meanwhile, Weiss Ratings reaffirmed a “buy (B-)” rating in a report issued on October 8, 2023. Data from MarketBeat.com indicates that Optex Systems currently enjoys an average rating of “Buy” from analysts.
Founded in 1987, Optex Systems Holdings, Inc. specializes in developing infrared sensing systems for both defense and homeland security applications. The company designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors, which are integral to various surveillance and targeting platforms. Focused on mission-critical solutions, Optex serves sectors including unmanned aerial vehicles (UAVs), rotary and fixed-wing aircraft, and ground-based observation systems. Its product offerings include high-resolution thermal imaging cameras, infrared seekers, laser designators, and multispectral platforms.
As Optex Systems continues to expand its product portfolio, the company remains a key player in the technology sector, particularly in defense applications. Investors and analysts alike will be watching closely to see how the company adapts to market changes and the potential impact on stock performance.
