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

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

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

LightPath Technologies Trading Down 0.7 %

Shares of NASDAQ LPTH opened at $1.49 on Friday. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.74. The firm has a market capitalization of $59.10 million, a P/E ratio of -6.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The company’s 50 day simple moving average is $1.50 and its 200 day simple moving average is $1.37.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, analysts predict that LightPath Technologies will post -0.14 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares in the last quarter. AIGH Capital Management LLC increased 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 buying an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in LightPath Technologies by 104.7% in the 2nd 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. Finally, Murphy Pohlad Asset Management LLC boosted its stake in shares of LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after buying an additional 12,600 shares during the last quarter. Institutional investors and hedge funds 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.