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

LightPath Technologies (NASDAQ:LPTH)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They presently have a $5.00 target price on the technology company’s stock. HC Wainwright’s price target suggests a potential upside of 89.39% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Lake Street Capital boosted their price target on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. Finally, LADENBURG THALM/SH SH increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd.

LightPath Technologies Stock Down 7.4 %

LPTH stock opened at $2.64 on Tuesday. The stock has a market capitalization of $104.73 million, a P/E ratio of -12.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.42. The business has a fifty day moving average price of $3.11 and a 200-day moving average price of $2.04.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. Equities analysts forecast that LightPath Technologies will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC bought a new position in shares of LightPath Technologies during the 4th quarter valued at approximately $28,000. Cubist Systematic Strategies LLC bought a new position in shares of LightPath Technologies in the fourth quarter worth approximately $32,000. Murphy Pohlad Asset Management LLC increased its stake in shares of LightPath Technologies by 22.3% in 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 in the last quarter. Northern Trust Corp raised its position in shares of LightPath Technologies by 25.7% during the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company’s stock valued at $226,000 after purchasing an additional 13,087 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of LightPath Technologies during the 4th quarter valued at $53,000. 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.