Syntec Optics Stock Drops 36% Since Q3 Earnings Release, Sales Up Y/Y

Shares of Syntec Optics Holdings, Inc. (OPTX) have seen significant volatility since their latest earnings release for the quarter ended Sept. 30, 2024. Since the announcement, the company's stock price has dropped by 36.1%, a stark contrast to the modest 2% decrease seen in the S&P 500 index over the same period. This downward trajectory has also extended over the past month, with Syntec's stock declining by 27.2% compared to a slight 0.6% uptick in the S&P 500.The third-quarter financial results reveal so ...