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

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Saturday. The firm issued a hold rating on the technology company’s stock.

Separately, Lake Street Capital began coverage on LightPath Technologies in a research note on Thursday, January 18th. They issued a buy rating and a $3.00 price target on the stock.

LightPath Technologies Price Performance

NASDAQ:LPTH opened at $1.53 on Friday. The stock has a fifty day moving average price of $1.50 and a 200 day moving average price of $1.41. LightPath Technologies has a 12-month low of $1.12 and a 12-month high of $2.00. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.02.

LightPath Technologies (NASDAQ:LPTH) last released its earnings results on Thursday, February 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $7.32 million during the quarter, compared to analysts’ expectations of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. Equities analysts expect that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of LightPath Technologies during the third quarter worth about $93,000. AIGH Capital Management LLC increased its position in shares of 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 worth $5,400,000 after purchasing an additional 335,000 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its position in shares of LightPath Technologies by 240.7% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock worth $58,000 after purchasing an additional 32,500 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of LightPath Technologies during the third quarter worth about $50,000. Finally, Worth Venture Partners LLC increased its position in shares of LightPath Technologies by 9.9% during the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after purchasing an additional 83,649 shares in 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.