LightPath Technologies (NASDAQ:LPTH) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of LPTH opened at $1.55 on Monday. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $1.77. The stock has a market capitalization of $60.15 million, a P/E ratio of -8.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.12 and a current ratio of 1.93. The company’s fifty day moving average is $1.33 and its two-hundred day moving average is $1.34.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. During the same quarter last year, the firm earned ($0.02) earnings per share. On average, sell-side analysts predict that LightPath Technologies will post -0.14 earnings per share for the current year.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC lifted its stake in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after acquiring an additional 47,429 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after acquiring an additional 211,626 shares during the last quarter. Archon Capital Management LLC increased its position in LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 37,400 shares in the last quarter. Finally, AIGH Capital Management LLC raised its stake in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.