LightPath Technologies (NASDAQ:LPTH) Research Coverage Started at Craig Hallum

Craig Hallum started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $5.50 price target on the technology company’s stock.

A number of other analysts have also commented on the company. LADENBURG THALM/SH SH increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $5.00 price target on shares of LightPath Technologies in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.88.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $2.35 on Monday. The stock has a market capitalization of $94.38 million, a price-to-earnings ratio of -9.79 and a beta of 1.75. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.42. The business’s 50 day moving average is $2.07 and its two-hundred day moving average is $2.32. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The company had revenue of $7.43 million for the quarter, compared to analysts’ expectations of $8.28 million. Research analysts expect that LightPath Technologies will post -0.18 EPS for the current year.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in LPTH. Crewe Advisors LLC acquired a new position in shares of LightPath Technologies in the fourth quarter worth about $28,000. Cubist Systematic Strategies LLC purchased a new position in LightPath Technologies during the 4th quarter worth approximately $32,000. Millennium Management LLC purchased a new position in LightPath Technologies during the 4th quarter worth approximately $53,000. Legato Capital Management LLC acquired a new stake in LightPath Technologies during the 4th quarter valued at $83,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at $87,000. 56.29% of the stock is currently owned by institutional investors.

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.