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

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note published on Sunday. The brokerage issued a hold rating on the technology company’s stock.

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

LightPath Technologies Price Performance

Shares of LPTH opened at $1.66 on Friday. The company has a market cap of $65.85 million, a price-to-earnings ratio of -7.55 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. The company has a 50 day moving average of $1.54 and a two-hundred day moving average of $1.38.

LightPath Technologies (NASDAQ:LPTH) last announced its 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 firm had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, analysts predict that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPTH. Vanguard Group Inc. increased its holdings 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 buying an additional 211,626 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings 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 valued at $71,000 after buying an additional 10,500 shares in the last quarter. AIGH Capital Management LLC increased its holdings 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 buying an additional 200,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings 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 valued at $166,000 after buying an additional 67,429 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.