LightPath Technologies (NASDAQ:LPTH) Stock Price Passes Above Two Hundred Day Moving Average of $1.31

LightPath Technologies, Inc. (NASDAQ:LPTHGet Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.31 and traded as high as $1.58. LightPath Technologies shares last traded at $1.56, with a volume of 77,922 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. HC Wainwright lowered their price objective on shares of LightPath Technologies from $3.50 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. StockNews.com assumed coverage on shares of LightPath Technologies in a research note on Friday, January 13th. They set a “hold” rating on the stock.

LightPath Technologies Price Performance

The company has a current ratio of 2.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $1.31. The firm has a market cap of $42.11 million, a PE ratio of -9.72 and a beta of 1.65.

LightPath Technologies (NASDAQ:LPTHGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). LightPath Technologies had a negative return on equity of 14.14% and a negative net margin of 12.69%. The business had revenue of $7.37 million during the quarter, compared to analysts’ expectations of $11.39 million. Equities analysts anticipate that LightPath Technologies, Inc. will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of LPTH. Jane Street Group LLC bought a new stake in LightPath Technologies in the 1st quarter valued at $30,000. Tower Research Capital LLC TRC increased its holdings in shares of LightPath Technologies by 69.4% in the third quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock worth $31,000 after purchasing an additional 11,908 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of LightPath Technologies in the first quarter worth about $36,000. State Street Corp lifted its position in shares of 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 buying an additional 7,925 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in LightPath Technologies by 73.5% during the second quarter. Citadel Advisors LLC now owns 90,446 shares of the technology company’s stock valued at $112,000 after buying an additional 38,316 shares during the last quarter. Institutional investors own 28.31% of the company’s stock.

LightPath Technologies Company Profile

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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.

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