Considering the fact that there has been no news about Optex Systems Holdings Ltd (OTCMKTS:OPXS) this week, it was perhaps no surprise that the stock was trading within a range on Tuesday.
Trading Data
On Tuesday, OPXS stock moved down 2.83% to $1.8560 with more than 1.3k shares, compared to its average volume of 5.8K shares. The stock has moved within a range of $1.8200 – 1.8560 after opening trade at $1.82.
BAE Systems Awards Optex Systems, Inc. Quality Supplier of the Year at its Third Annual ‘Partner2Win’ Symposium
However, in this situation, it may be the right time for investors to consider taking a look at a key development from back on January 4, 2021. Optex Systems announced at the time that it had been bestowed with the BAE Systems Partner2Win Quality Supplier of the Year Award and it goes without saying that it was a significant development for the company.
It is also necessary to point out that the company was also awarded a gold medal for the same. The award had been bestowed on Optex due to its outstanding work and contribution with regards to the success that was attained by BAE Systems’ Combat Mission Systems business unit in terms of supply chains.
While the development was a significant one, it now remains to be seen if the Optex Systems stock can manage to attract the attention of investors in any meaningful way or not. It could be the right time to start keeping track of the stock.
Key Quote
“Our suppliers have overcome many challenges posed by the COVID pandemic to sustain deliveries of our products to Army, Marines, and Navy customers,” said Andy Corea, vice president and general manager of BAE Systems’ Combat Mission Systems business. “By partnering with the highest performing suppliers – including Optex Systems in the industry, we have and will continue to exceed our customers’ expectations.”
Technical Data
OPXS stock is trading below the 20-Day and 50-Day Moving averages of $1.89 and $1.94 respectively. However, the stock is trading above the 200-Day moving average of $1.74.
