StockNews.com Initiates Coverage on LightPath Technologies (NASDAQ:LPTH)

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

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

LightPath Technologies Trading Up 2.8 %

NASDAQ LPTH opened at $1.49 on Friday. The firm’s 50-day moving average is $1.49 and its two-hundred day moving average is $1.41. LightPath Technologies has a 12 month low of $1.12 and a 12 month high of $2.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.93 and a quick ratio of 1.16. The stock has a market capitalization of $56.65 million, a P/E ratio of -10.64 and a beta of 1.43.

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

Institutional Trading of LightPath Technologies

Several hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. lifted its position in shares of LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after purchasing an additional 47,429 shares in the last quarter. AMH Equity Ltd raised its holdings in LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after acquiring an additional 310,870 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 240.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after acquiring an additional 32,500 shares in the last quarter. Worth Venture Partners LLC raised its holdings in LightPath Technologies by 9.9% in the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after acquiring an additional 83,649 shares in the last quarter. Finally, AIGH Capital Management LLC raised its holdings in LightPath Technologies by 9.9% in the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $5,400,000 after acquiring an additional 335,000 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.