Why Syntec Optics (OPTX) Stock Is Volatile Today – Syntec Optics Holdings (NASDAQ:OPTX)

Syntec Optics Holdings Inc OPTX shares are trading lower, pulling back following Friday’s strength, after the company announced that it was awarded a contract for 10,000 light-weight night vision optics to be delivered in 2023.

Syntec Optics says this achievement follows the recent launch of their new Viper eyepiece and objective lenses for night vision goggles.

CEO Joe Mohr expressed delight in being recognized as the preferred solution provider, attributing the success to the collaborative efforts of their engineering and operations teams.

The company aims to leverage this contract to secure additional deals from the same customer, consolidating their position as a high-performing provider.

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According to data from Benzinga Pro, OPTX has a 52-week high of $7.47 and a 52-week low of $3.65.