According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “
LPTH has been the topic of several other reports. B. Riley upped their price target on LightPath Technologies from $3.25 to $3.75 and gave the company a “buy” rating in a research report on Friday, September 11th. ValuEngine downgraded LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd.
LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, September 10th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. LightPath Technologies had a return on equity of 2.59% and a net margin of 2.48%. On average, research analysts forecast that LightPath Technologies will post 0.08 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new position in LightPath Technologies during the 2nd quarter worth $36,000. Ironwood Investment Counsel LLC bought a new position in shares of LightPath Technologies in the second quarter worth $54,000. Quadrature Capital Ltd bought a new position in shares of LightPath Technologies in the second quarter worth $59,000. Two Sigma Advisers LP bought a new position in shares of LightPath Technologies in the second quarter worth $79,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of LightPath Technologies in the second quarter worth $123,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.
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 materials used to produce products that manipulate light. Its products are used in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
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