LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTHGet Free Report) in a report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, May 10th.

Read Our Latest Stock Report on LightPath Technologies

LightPath Technologies Stock Down 2.3 %

Shares of LPTH opened at $1.27 on Friday. The business’s 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.39. LightPath Technologies has a 1 year low of $1.12 and a 1 year high of $2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. The stock has a market capitalization of $49.29 million, a price-to-earnings ratio of -7.06 and a beta of 1.41.

LightPath Technologies (NASDAQ:LPTHGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $7.94 million. During the same period in the previous year, the company earned ($0.03) EPS. As a group, equities analysts expect that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 9.9% during the 3rd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $5,400,000 after purchasing an additional 335,000 shares during the period. AMH Equity Ltd grew its stake in shares of LightPath Technologies by 12.4% during the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after buying an additional 310,870 shares during the last quarter. Archon Capital Management LLC raised its holdings in shares of 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 worth $2,874,000 after buying an additional 37,400 shares during the period. Vanguard Group Inc. lifted its stake in shares of LightPath Technologies by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after acquiring an additional 211,626 shares during the last quarter. Finally, Worth Venture Partners LLC lifted its stake in shares of LightPath Technologies by 9.9% during the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after acquiring an additional 83,649 shares during the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.

About LightPath Technologies

(Get Free Report)

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.

Further Reading

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