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

Equities researchers at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

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

LightPath Technologies Price Performance

Shares of NASDAQ LPTH opened at $1.68 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.35. The company has a market cap of $65.20 million, a PE ratio of -9.33 and a beta of 1.31. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. The business had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. On average, analysts predict that LightPath Technologies will post -0.14 EPS for the current year.

Institutional Trading of LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the company. AIGH Capital Management LLC lifted its holdings in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after buying an additional 200,000 shares in the last quarter. Archon Capital Management LLC increased its holdings in shares of LightPath Technologies by 1.8% during 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 period. Vanguard Group Inc. raised 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 valued at $2,169,000 after buying an additional 211,626 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of LightPath Technologies by 104.7% in 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 period. Finally, Murphy Pohlad Asset Management LLC grew its position in LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after buying an additional 10,500 shares in the last quarter. 56.29% of the stock is currently 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.