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

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

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

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $1.37 on Friday. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.12. The firm has a market capitalization of $53.17 million, a PE ratio of -7.61 and a beta of 1.31. The business’s fifty day moving average price is $1.31 and its 200 day moving average price is $1.34.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, sell-side analysts anticipate that LightPath Technologies will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 worth $2,169,000 after buying an additional 211,626 shares during the last quarter. AIGH Capital Management LLC grew its position 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 acquiring an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased 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 valued at $166,000 after acquiring an additional 67,429 shares during the period. Archon Capital Management LLC raised its position in 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 valued at $2,874,000 after purchasing an additional 37,400 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its stake 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. Institutional investors and hedge funds own 56.29% of the company’s stock.

About LightPath Technologies

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.