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

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

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

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $1.20 on Friday. The firm has a market cap of $46.57 million, a price-to-earnings ratio of -6.67 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.39. LightPath Technologies has a twelve month low of $1.12 and a twelve month high of $2.00.

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

Hedge Funds Weigh In On LightPath Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPTH. AIGH Capital Management LLC boosted its stake in LightPath Technologies by 9.9% during the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $5,400,000 after buying an additional 335,000 shares during the last quarter. AMH Equity Ltd raised its position in 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 purchasing an additional 310,870 shares during the period. Vanguard Group Inc. raised its position in LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 211,626 shares during the period. Worth Venture Partners LLC raised its position in LightPath Technologies by 9.9% during the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in LightPath Technologies during the third quarter valued at approximately $93,000. 56.29% of the stock is owned by institutional investors.

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.