LightPath Technologies (NASDAQ:LPTH) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

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

LightPath Technologies Stock Up 4.8 %

LPTH stock opened at $2.64 on Tuesday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $2.86. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $1.45. The stock has a market capitalization of $104.72 million, a P/E ratio of -12.00 and a beta of 1.32.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. The firm had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same quarter last year, the firm posted ($0.02) earnings per share. Equities analysts forecast that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LPTH. Murphy Pohlad Asset Management LLC boosted its stake in LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after buying an additional 12,600 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of LightPath Technologies by 104.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after acquiring an additional 67,429 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of LightPath Technologies by 15.6% in 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. Finally, AIGH Capital Management LLC increased its position in LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.