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

Equities research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a note issued to investors on Friday. The firm set a “hold” rating on the technology company’s stock.

LightPath Technologies Price Performance

Shares of LightPath Technologies stock opened at $1.26 on Friday. The stock has a market cap of $48.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The stock has a 50 day moving average price of $1.30 and a 200-day moving average price of $1.35. LightPath Technologies has a one year low of $1.04 and a one year high of $1.77.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Equities analysts expect that LightPath Technologies will post -0.2 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

A number of large investors have recently bought and sold shares of LPTH. Vanguard Group Inc. boosted its holdings 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 valued at $2,169,000 after acquiring an additional 211,626 shares during the period. AIGH Capital Management LLC lifted its holdings in shares of 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 buying an additional 200,000 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of 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 buying an additional 67,429 shares during the period. Archon Capital Management LLC lifted its holdings in shares of 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 worth $2,874,000 after buying an additional 37,400 shares during the period. Finally, Murphy Pohlad Asset Management LLC lifted its holdings 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 worth $71,000 after buying an additional 10,500 shares during the period. 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.