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

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

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

LightPath Technologies Trading Down 0.7 %

NASDAQ:LPTH opened at $1.49 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.74. The company has a market cap of $59.11 million, a PE ratio of -6.77 and a beta of 1.30. The company has a 50 day simple moving average of $1.50 and a two-hundred day simple moving average of $1.37.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $8.25 million. During the same period last year, the firm posted ($0.02) EPS. Research analysts forecast that LightPath Technologies will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC lifted 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 valued at $95,000 after buying an additional 12,600 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted 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 worth $166,000 after purchasing an additional 67,429 shares in the last quarter. AIGH Capital Management LLC lifted 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 worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in LightPath Technologies by 15.6% in 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 in the last quarter. Hedge funds and other institutional investors 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.