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

Stock analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued on Monday. The firm 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 report on Friday, May 10th.

LightPath Technologies Stock Up 0.4 %

Shares of LightPath Technologies stock opened at $1.26 on Monday. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $48.90 million, a P/E ratio of -7.00 and a beta of 1.25. LightPath Technologies has a fifty-two week low of $1.12 and a fifty-two week high of $2.00. The business has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.39.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data 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). The firm had revenue of $7.70 million during the quarter, compared to the consensus estimate of $7.94 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, sell-side analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors have recently made changes to their positions in the stock. AMH Equity Ltd grew its holdings in LightPath Technologies by 12.4% in 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. Vanguard Group Inc. grew its holdings in LightPath Technologies by 15.6% in 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. Worth Venture Partners LLC grew its holdings in LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after buying an additional 83,649 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in LightPath Technologies in the 3rd quarter worth approximately $93,000. Finally, Archon Capital Management LLC grew its holdings in 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 worth $2,874,000 after buying an additional 37,400 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

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.