LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

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

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

LightPath Technologies Price Performance

LPTH opened at $1.39 on Friday. The stock has a market cap of $53.94 million, a P/E ratio of -7.72 and a beta of 1.31. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77. 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 company has a fifty day simple moving average of $1.31 and a 200 day simple moving average of $1.34.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. During the same quarter last year, the company earned ($0.02) earnings per share. On average, research analysts expect that LightPath Technologies will post -0.13 EPS for the current year.

Institutional Trading of LightPath Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its position in shares of LightPath Technologies by 104.7% during the second 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. 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 valued at $4,692,000 after acquiring an additional 200,000 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its position 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 acquiring an additional 10,500 shares during the last quarter. Archon Capital Management LLC grew its stake in shares of LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after acquiring an additional 37,400 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 purchasing an additional 211,626 shares during the last quarter. 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.