Optex Programs government sells $186,540 in inventory

In current transactions reported to the Securities and Change 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 robust profitability with a 28% gross margin, is presently buying and selling beneath 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, via 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 reasonable 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 availability 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’ function as an important provider throughout the protection business. In keeping with an evaluation by InvestingPro, the corporate maintains glorious monetary well being with a robust present ratio of three.72 and operates with reasonable debt ranges. Nonetheless, the corporate presently seems overvalued regardless of its robust market efficiency.

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

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