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

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

Separately, Lake Street Capital assumed coverage on shares of LightPath Technologies in a report on Thursday, January 18th. They issued a buy rating and a $3.00 price target on the stock.

LightPath Technologies Trading Down 2.1 %

NASDAQ LPTH opened at $1.38 on Thursday. LightPath Technologies has a one year low of $1.12 and a one year high of $2.00. The company’s 50 day moving average price is $1.48 and its 200 day moving average price is $1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.93. The firm has a market capitalization of $52.47 million, a price-to-earnings ratio of -9.86 and a beta of 1.43.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. The business had revenue of $7.32 million during the quarter, compared to analysts’ expectations of $8.72 million. On average, sell-side analysts predict that LightPath Technologies will post -0.14 EPS for the current year.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in LPTH. AIGH Capital Management LLC increased its stake in shares of LightPath Technologies by 9.9% in the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $5,400,000 after buying an additional 335,000 shares during the last quarter. AMH Equity Ltd boosted its holdings in LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 310,870 shares during the period. Worth Venture Partners LLC boosted its holdings in LightPath Technologies by 62.0% in the first quarter. Worth Venture Partners LLC now owns 509,425 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 195,018 shares during the period. Vanguard Group Inc. boosted its holdings in LightPath Technologies by 13.8% in the third quarter. Vanguard Group Inc. now owns 1,252,486 shares of the technology company’s stock worth $1,816,000 after purchasing an additional 151,776 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in LightPath Technologies in the third quarter worth $93,000. 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.