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

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

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a research report on Friday, May 10th.

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $1.24 on Friday. The stock’s fifty day moving average is $1.37 and its 200 day moving average is $1.39. LightPath Technologies has a fifty-two week low of $1.12 and a fifty-two week high of $2.00. The firm has a market capitalization of $48.12 million, a PE ratio of -6.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The company had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $7.94 million. During the same quarter in the previous year, the company posted ($0.03) EPS. On average, sell-side analysts anticipate that LightPath Technologies will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On LightPath Technologies

Several hedge funds have recently bought and sold shares of LPTH. Archon Capital Management LLC grew its position in shares of LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LightPath Technologies by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after buying an additional 47,429 shares in the last quarter. AMH Equity Ltd grew its position in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after buying an additional 310,870 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its position in shares of LightPath Technologies by 240.7% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock worth $58,000 after buying an additional 32,500 shares in the last quarter. 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.