Optex Programs government sells $186,540 in inventory

In current transactions reported to the Securities and Alternate Fee, Collin McBirney, managing member of Topline Capital Administration, LLC, executed vital gross sales of Optex Programs Holdings Inc (NASDAQ:OPXS) inventory. The corporate, which presently trades at a P/E ratio of 12.3 and has demonstrated sturdy profitability with a 28% gross margin, is presently buying and selling under its InvestingPro Honest Worth. On December 27 and December 30, McBirney offered 12,488 and 13,674 shares respectively, at costs starting from $7.01 to $7.24 per share. These transactions amounted to a complete of $186,540. Following these gross sales, McBirney, by Topline Capital Companions (WA:CPAP), LP, holds 779,901 shares of Optex Programs. The inventory has declined almost 8% over the previous week, although InvestingPro evaluation reveals the corporate maintains a wholesome monetary place with a present ratio of 4.05 and operates with average debt ranges. Uncover 6 extra unique InvestingPro Suggestions for OPXS and unlock complete monetary evaluation.

In different current information, Optex Programs Holdings, Inc. has secured a number of vital contracts, marking a notable uptick in its operations. The corporate has landed a $6.5 million contract from DLA Land and Marine for the provision of Optically Improved Periscopes, which contributes to Optex’s present backlog, exceeding $42 million. Moreover, Optex Programs has been awarded contracts of $2.1 million, $2.5 million, and $3.8 million for supplying laser-protected periscopes and different elements to home armored car producers and the U.S. Authorities.

These current developments underscore Optex Programs’ position as a vital provider throughout the protection trade. In response to an evaluation by InvestingPro, the corporate maintains wonderful monetary well being with a powerful present ratio of three.72 and operates with average debt ranges. Nevertheless, the corporate presently seems overvalued regardless of its sturdy market efficiency.

These contracts mirror Optex Programs’ dedication to supporting army operations with superior optical applied sciences. The corporate’s means to satisfy contractual obligations effectively is essential for its ongoing success on this extremely regulated and aggressive market. These are current developments which have been reported.

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