Shares of Syntec Optics Holdings, Inc. (OPTX) are falling about 7 percent on Tuesday morning after the company announced new purchase orders worth nearly $2.4 million for a product line whose production was increased in the first quarter of 2026 to support the growing number of weekly launches of Low Earth Orbit satellites.
The company's stock is currently trading at $11.35, down 7.24 percent, over the previous close of $12.23 on the Nasdaq. It has traded between $1.18 and $14.92 in the past one year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.