Syntec Optics (NASDAQ:OPTX) Stock Price Down 6.7% – Here’s Why

Shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) traded down 6.7% during mid-day trading on Monday . The company traded as low as $1.85 and last traded at $1.96. 122,726 shares changed hands during trading, a decline of 61% from the average session volume of 318,608 shares. The stock had previously closed at $2.10.

Syntec Optics Price Performance

The stock has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $1.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 1.34.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.