LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report issued to clients and investors on Monday. The brokerage set 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 research report on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of LightPath Technologies stock opened at $1.55 on Monday. The business has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.34. The company has a market cap of $60.15 million, a PE ratio of -8.61 and a beta of 1.31. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.12 and a current ratio of 1.93.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data 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 firm 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 period in the prior year, the company posted ($0.02) earnings per share. On average, equities research analysts forecast that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On LightPath Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC boosted its position in shares of 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 purchasing an additional 10,500 shares during the period. Archon Capital Management LLC raised 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 purchasing an additional 37,400 shares during the last quarter. 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 worth $141,000 after purchasing an additional 47,429 shares during the period. AIGH Capital Management LLC boosted its stake in 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 worth $4,692,000 after purchasing an additional 200,000 shares during the period. Finally, Vanguard Group Inc. grew its position 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 worth $2,169,000 after purchasing an additional 211,626 shares during the last quarter. 56.29% of the stock is owned by hedge funds and other 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.