LightPath Technologies (NASDAQ:LPTH) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

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

LightPath Technologies Stock Down 2.4 %

Shares of LPTH stock opened at $1.64 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.12. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77. The company’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.35. The company has a market capitalization of $63.64 million, a price-to-earnings ratio of -9.11 and a beta of 1.31.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned ($0.02) earnings per share. Sell-side analysts expect that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On LightPath Technologies

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its stake in LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after buying an additional 67,429 shares during the last quarter. AIGH Capital Management LLC boosted its position in shares of LightPath Technologies by 5.7% during 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 acquiring an additional 200,000 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its holdings in shares of LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after purchasing an additional 10,500 shares in the last quarter. Archon Capital Management LLC increased its position in LightPath Technologies by 1.8% in the first 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 during the last quarter. Finally, Vanguard Group Inc. raised its stake in 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 purchasing an additional 211,626 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

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.