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

Stock analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report issued on Monday. The firm 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 Trading Up 2.8 %

NASDAQ LPTH opened at $1.83 on Monday. 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 stock has a market capitalization of $72.59 million, a P/E ratio of -8.32 and a beta of 1.32. The firm’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.40. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $2.04.

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

Institutional Trading of LightPath Technologies

Several hedge funds have recently modified their holdings of LPTH. Murphy Pohlad Asset Management LLC increased its holdings in LightPath Technologies by 22.8% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of 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 worth $166,000 after buying an additional 67,429 shares during the period. Vanguard Group Inc. raised its holdings in LightPath Technologies by 15.6% in 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 in the last quarter. Finally, AIGH Capital Management LLC raised its holdings in LightPath Technologies by 5.7% in the second 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 in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.