LightPath Technologies (NASDAQ:LPTH) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report released on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

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

LightPath Technologies Stock Performance

Shares of LPTH opened at $1.28 on Wednesday. LightPath Technologies has a 1 year low of $1.12 and a 1 year high of $2.00. The stock has a market capitalization of $49.68 million, a P/E ratio of -7.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The company’s fifty day moving average is $1.30 and its two-hundred day moving average is $1.39.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPTH. B. Riley Wealth Advisors Inc. acquired a new stake in shares of LightPath Technologies during the 3rd quarter valued at approximately $93,000. Murphy Pohlad Asset Management LLC increased its stake in LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares in the last quarter. AMH Equity Ltd raised its holdings in LightPath Technologies by 12.4% during the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 310,870 shares during the last quarter. Vanguard Group Inc. boosted its position in LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares in the last quarter. Finally, Archon Capital Management LLC boosted its position in LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 37,400 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.