LightPath Technologies (NASDAQ:LPTH) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $5.00 price objective on the technology company’s stock.

A number of other research firms have also recently commented on LPTH. LADENBURG THALM/SH SH boosted their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, Lake Street Capital upped their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th.

LightPath Technologies Trading Down 6.4 %

NASDAQ LPTH opened at $2.47 on Tuesday. The company’s fifty day simple moving average is $3.12 and its 200-day simple moving average is $2.05. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a market cap of $97.98 million, a P/E ratio of -11.23 and a beta of 1.01.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. The firm had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. Equities research analysts predict that LightPath Technologies will post -0.15 EPS for the current fiscal year.

Institutional Trading of LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC acquired a new stake in LightPath Technologies in the fourth quarter valued at $83,000. Murphy Pohlad Asset Management LLC raised its holdings in shares of LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after purchasing an additional 12,600 shares during the period. Crewe Advisors LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $28,000. Wealth Effects LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $164,000. Finally, Jane Street Group LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $111,000. 56.29% of the stock is 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.