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

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

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $1.56 on Thursday. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $1.74. The company has a 50 day moving average of $1.43 and a 200-day moving average of $1.36. The company has a current ratio of 1.93, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. The firm has a market cap of $61.80 million, a price-to-earnings ratio of -7.09 and a beta of 1.30.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned ($0.02) earnings per share. On average, equities analysts forecast that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC boosted its holdings in LightPath Technologies by 22.8% during the second 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 last quarter. Archon Capital Management LLC increased its stake in LightPath Technologies by 1.8% in the first 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 in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in LightPath Technologies by 104.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares during the period. AIGH Capital Management LLC boosted 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 purchasing an additional 200,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the period. Institutional investors and hedge funds 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.