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

StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report report published on Sunday morning. The firm issued a hold rating on the technology company’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of LightPath Technologies in a research report on Friday, September 20th.

LightPath Technologies Trading Up 1.9 %

NASDAQ LPTH opened at $1.86 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $2.04. The business’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.38.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, equities research analysts predict that LightPath Technologies will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LPTH. Vanguard Group Inc. increased 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 purchasing an additional 211,626 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares during the period. AIGH Capital Management LLC increased its holdings in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of LightPath Technologies by 104.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after buying an additional 67,429 shares in the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.

About LightPath Technologies

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.