Equities researchers at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research report on Friday, September 20th.
Check Out Our Latest Report on LPTH
LightPath Technologies Stock Up 2.7 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $8.63 million for the quarter, compared to analysts’ expectations of $8.25 million. During the same period in the prior year, the company posted ($0.02) EPS. As a group, equities analysts expect that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On LightPath Technologies
Institutional investors and hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its stake in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 211,626 shares in the last quarter. Finally, AIGH Capital Management LLC boosted its stake in LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds 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.
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