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

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

Separately, Lake Street Capital assumed coverage on LightPath Technologies in a research note on Thursday, January 18th. They issued a buy rating and a $3.00 target price for the company.

LightPath Technologies Stock Up 0.7 %

Shares of NASDAQ LPTH opened at $1.46 on Friday. LightPath Technologies has a 12 month low of $1.12 and a 12 month high of $2.00. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $55.51 million, a price-to-earnings ratio of -10.43 and a beta of 1.42. The business has a 50-day moving average of $1.49 and a 200-day moving average of $1.41.

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

Institutional Trading of LightPath Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of LPTH. Commonwealth Equity Services LLC bought a new stake in LightPath Technologies in the third quarter valued at approximately $50,000. Murphy Pohlad Asset Management LLC lifted its position in LightPath Technologies by 240.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in LightPath Technologies in the third quarter valued at approximately $93,000. Worth Venture Partners LLC lifted its position in LightPath Technologies by 9.9% in the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares during the last quarter. Finally, AMH Equity Ltd lifted its position in LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after purchasing an additional 310,870 shares during the last quarter. Institutional investors own 56.29% 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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.