LightPath Technologies (NASDAQ:LPTH) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

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

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $1.56 on Friday. The business has a 50-day moving average price of $1.46 and a 200-day moving average price of $1.37. The firm has a market cap of $61.89 million, a price-to-earnings ratio of -7.09 and a beta of 1.30. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.74. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned ($0.02) earnings per share. As a group, equities research analysts predict that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of large investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC increased its position 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 worth $71,000 after purchasing an additional 10,500 shares during the last quarter. Archon Capital Management LLC lifted its holdings in shares of LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after acquiring an additional 37,400 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in 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 worth $166,000 after acquiring an additional 67,429 shares in the last quarter. AIGH Capital Management LLC increased its stake 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 acquiring an additional 200,000 shares during the last quarter. Finally, 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. Institutional investors 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.