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

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

Separately, Lake Street Capital assumed coverage on LightPath Technologies in a research report on Thursday, January 18th. They set a buy rating and a $3.00 price objective on the stock.

LightPath Technologies Stock Performance

Shares of NASDAQ:LPTH opened at $1.45 on Friday. LightPath Technologies has a 1 year low of $1.12 and a 1 year high of $2.00. The firm has a market capitalization of $55.13 million, a PE ratio of -10.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.93 and a quick ratio of 1.16. The business’s 50 day moving average price is $1.49 and its 200-day moving average price is $1.41.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). LightPath Technologies had a negative return on equity of 14.22% and a negative net margin of 15.48%. The company had revenue of $7.32 million for the quarter, compared to analysts’ expectations of $8.72 million. As a group, equities research analysts expect that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC purchased a new stake in LightPath Technologies in the third quarter valued at $50,000. Murphy Pohlad Asset Management LLC raised its holdings in shares of 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 buying an additional 32,500 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of LightPath Technologies in the 3rd quarter valued at $93,000. Worth Venture Partners LLC raised its holdings in shares of LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after buying an additional 83,649 shares during the period. Finally, AMH Equity Ltd raised its holdings in shares of LightPath Technologies by 12.4% in 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 during the period. Hedge funds and other institutional investors 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.