Dougherty & Co Begins Coverage on LightPath Technologies, Inc. (LPTH)
A number of other brokerages have also commented on LPTH. Zacks Investment Research lowered LightPath Technologies from a hold rating to a sell rating in a report on Wednesday, October 12th. Roth Capital assumed coverage on LightPath Technologies in a report on Thursday, December 22nd. They issued a buy rating and a $2.50 target price on the stock.
LightPath Technologies (NASDAQ:LPTH) remained flat at $1.80 during mid-day trading on Tuesday. 44,314 shares of the stock were exchanged. The stock’s 50-day moving average is $1.43 and its 200-day moving average is $1.68. The stock has a market capitalization of $28.18 million, a price-to-earnings ratio of 43.90 and a beta of -0.41. LightPath Technologies has a 12-month low of $1.21 and a 12-month high of $3.64.
LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. LightPath Technologies had a net margin of 3.94% and a return on equity of 10.49%. On average, analysts anticipate that LightPath Technologies will post $0.07 earnings per share for the current year.
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In other LightPath Technologies news, Director Craig T. Dunham bought 33,000 shares of the stock in a transaction on Wednesday, December 21st. The shares were purchased at an average price of $1.21 per share, with a total value of $39,930.00. Following the acquisition, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $39,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is owned by company insiders.
An institutional investor recently raised its position in LightPath Technologies stock. Vanguard Group Inc. raised its position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,762 shares of the company’s stock after buying an additional 7,600 shares during the period. Vanguard Group Inc. owned 2.29% of LightPath Technologies worth $622,000 at the end of the most recent quarter. 7.00% of the stock is owned by institutional investors.
LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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