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

Equities researchers at StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTHGet Rating) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

LightPath Technologies Stock Performance

Shares of LPTH opened at $1.17 on Friday. LightPath Technologies has a 1 year low of $1.07 and a 1 year high of $2.87. The company has a market cap of $31.67 million, a price-to-earnings ratio of -9.00 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.35. The firm has a fifty day moving average of $1.56 and a 200-day moving average of $1.61.

LightPath Technologies (NASDAQ:LPTHGet Rating) last announced its quarterly earnings results on Wednesday, September 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). LightPath Technologies had a negative net margin of 9.96% and a negative return on equity of 11.19%. During the same quarter last year, the company posted ($0.11) EPS. As a group, equities analysts anticipate that LightPath Technologies will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in LightPath Technologies in the first quarter worth about $30,000. Virtu Financial LLC acquired a new stake in LightPath Technologies in the first quarter worth about $36,000. State Street Corp lifted its holdings in LightPath Technologies by 18.5% in the first quarter. State Street Corp now owns 50,834 shares of the technology company’s stock worth $100,000 after purchasing an additional 7,925 shares during the period. Citadel Advisors LLC lifted its holdings in LightPath Technologies by 73.5% in the second quarter. Citadel Advisors LLC now owns 90,446 shares of the technology company’s stock worth $112,000 after purchasing an additional 38,316 shares during the period. Finally, Game Plan Financial Advisors LLC lifted its holdings in LightPath Technologies by 28.7% in the first quarter. Game Plan Financial Advisors LLC now owns 112,000 shares of the technology company’s stock worth $221,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 28.91% of the company’s stock.

LightPath Technologies Company Profile

(Get Rating)

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. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.

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