StockNews.com Begins Coverage on LightPath Technologies (NASDAQ:LPTH)

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

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Friday, May 10th.

Get Our Latest Analysis on LightPath Technologies

LightPath Technologies Stock Up 1.6 %

LPTH opened at $1.24 on Friday. The business’s fifty day moving average is $1.37 and its two-hundred day moving average is $1.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The company has a market cap of $48.12 million, a price-to-earnings ratio of -6.89 and a beta of 1.25. LightPath Technologies has a one year low of $1.12 and a one year high of $2.00.

LightPath Technologies (NASDAQ:LPTHGet Free Report) last released its earnings results on Thursday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $7.70 million during the quarter, compared to analyst estimates of $7.94 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Analysts anticipate that LightPath Technologies will post -0.2 EPS for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AMH Equity Ltd raised its position in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 310,870 shares during the period. Archon Capital Management LLC increased its position in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after acquiring an additional 37,400 shares during the period. Vanguard Group Inc. boosted its stake in LightPath Technologies by 15.6% during the 1st 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. Worth Venture Partners LLC boosted its stake in LightPath Technologies by 9.9% during the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

About LightPath Technologies

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.