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

StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Friday. The firm issued a hold rating on the technology company’s stock.

LightPath Technologies Stock Down 4.0 %

LPTH stock opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $1.77. The company has a 50-day moving average of $1.30 and a two-hundred day moving average of $1.35. The stock has a market capitalization of $46.96 million, a price-to-earnings ratio of -6.72 and a beta of 1.31.

LightPath Technologies (NASDAQ:LPTH) last issued 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). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The business had revenue of $8.63 million for the quarter, compared to analyst estimates of $8.25 million. During the same quarter last year, the firm posted ($0.02) earnings per share. As a group, equities research analysts anticipate that LightPath Technologies will post -0.2 EPS for the current year.

Institutional Trading of LightPath Technologies

A number of institutional investors have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC increased its stake 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 purchasing an additional 10,500 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in 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 during the period. Vanguard Group Inc. raised its stake in 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 during the period. Archon Capital Management LLC lifted its holdings 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 acquiring an additional 37,400 shares in the last quarter. Finally, AIGH Capital Management LLC increased its holdings in shares of 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 worth $4,692,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.