Optex Systems Holdings Inc. (OTCMKTS:OPXS) Stock In Focus As Company Gets $2.1 Million Order
Shares of Optex Systems Holdings Inc. (OTCMKTS:OPXS) have been moving within a narrow range over the past few sessions.
Traders Corner
On Tuesday, OPXS stock moved down 0.56% to $1.79 with more than 4.4K shares, compared to its average volume of 7.1K shares. The stock moved within a range of $1.7700 – 1.8200 after opening trade at $1.79.
Optex Systems Receives a $2.1 Million Order for Optical Assemblies
Optex Systems Holdings, Inc. (OTCMKTS:OPXS), which manufactures precision optical sighting systems for domestic and worldwide military and commercial applications, made an announcement on March 01, 2022, about being awarded a sum of $2.1 Million.
Optex’s products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. The company also makes and delivers several periscope configurations, rifle and surveillance sights, and night vision optical assemblies.
The $2.1 Million is a part of a multi-year strategic supplier agreement with a domestic manufacturer of premium optical devices. Products will be manufactured at the Applied Optics Center (AOC) Division of Optex Systems, Inc. and scheduled for delivery in 2022.
Bill Bates, GM of AOC, has commented that this order emphasizes the continued rapport they have with this important customer, who is instrumental behind manufacturing world-class optical products. The employees at AOC are very proud of their role in support of these products and innovation to the industry. Total orders related to these product types have now exceeded $25.5 million dollars since its inception in early 2015. With this particular order, Optex’s current backlog stands at over $26.6 Million.
Key Quote
Bill Bates, GM of AOC stated “”This order illustrates the continuing strong relationship we have with this key customer who manufactures world-class optical products. The employees at AOC are very proud of the part we play in support of their products and innovation to the industry. Total orders related to these product types now exceed $25.5 million dollars since its inception in early 2015.”
Technical Data
OPXS stock is trading above the 20-Day and 50-Day Moving averages of $1.76 and $1.79 respectively. Moreover, the stock is above the 200-Day moving average of $1.74.
