LightPath Technologies (NASDAQ:LPTH) Earns Buy Rating from Analysts at Craig Hallum

Stock analysts at Craig Hallum began coverage on shares of LightPath Technologies (NASDAQ:LPTH - Get Free Report) in a research note issued on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $5.50 price target on the technology company's stock. Craig Hallum's price objective would suggest a potential upside of 120.88% from the company's previous close.

Several other brokerages also recently weighed in on LPTH. LADENBURG THALM/SH SH increased their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. StockNews.com lowered LightPath Technologies from a "hold" rating to a "sell" rating in a report 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 report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, LightPath Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

LightPath Technologies Stock Performance

NASDAQ:LPTH traded up $0.15 during mid-day trading on Monday, reaching $2.49. 212,225 shares of the stock were exchanged, compared to its average volume of 162,625. The stock has a market capitalization of $100.00 million, a P/E ratio of -10.37 and a beta of 0.84. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.42. The company has a 50 day simple moving average of $2.07 and a 200-day simple moving average of $2.33. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The business had revenue of $7.43 million for the quarter, compared to analysts' expectations of $8.28 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. Analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

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

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.