LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com

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

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

LightPath Technologies Stock Down 2.1 %

Shares of NASDAQ:LPTH opened at $1.37 on Friday. The business’s 50 day moving average is $1.30 and its 200 day moving average is $1.40. The stock has a market cap of $53.17 million, a price-to-earnings ratio of -7.61 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12-month low of $1.12 and a 12-month high of $1.85.

LightPath Technologies (NASDAQ:LPTH) last posted 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 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 the consensus estimate of $7.94 million. During the same quarter in the previous year, the company posted ($0.03) EPS. On average, sell-side analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of LightPath Technologies by 73.7% in 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 during the last quarter. AMH Equity Ltd lifted 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 valued at $3,552,000 after buying an additional 310,870 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $2,169,000 after purchasing an additional 211,626 shares during the period. Murphy Pohlad Asset Management LLC grew its position in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Archon Capital Management LLC boosted its stake 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 valued at $2,874,000 after buying an additional 37,400 shares during the last quarter. 56.29% of the stock is currently 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.