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

Research analysts at Craig Hallum initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH - Get Free Report) in a research note issued to investors 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 target points to a potential upside of 134.04% from the stock's current price.

Other analysts have also issued research reports about the company. StockNews.com lowered LightPath Technologies from a "hold" rating to a "sell" rating in a report on Saturday, January 4th. HC Wainwright restated a "buy" rating and issued a $5.00 target price on shares of LightPath Technologies in a report on Thursday, February 27th. Finally, LADENBURG THALM/SH SH increased their target price on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.88.

LightPath Technologies Price Performance

Shares of NASDAQ:LPTH traded down $0.04 on Monday, reaching $2.35. 79,894 shares of the company traded hands, compared to its average volume of 161,610. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $4.42. The company's 50 day moving average is $2.07 and its 200-day moving average is $2.32. The stock has a market capitalization of $94.38 million, a PE ratio of -9.79 and a beta of 1.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $8.28 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. As a group, analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

Several hedge funds and other institutional investors have recently modified their holdings of LPTH. Wealth Effects LLC purchased a new stake in shares of LightPath Technologies during the fourth quarter worth $164,000. Crewe Advisors LLC acquired a new position in LightPath Technologies during the fourth quarter worth $28,000. Legato Capital Management LLC acquired a new position in LightPath Technologies during the fourth quarter worth $83,000. J.W. Cole Advisors Inc. acquired a new position in LightPath Technologies during the fourth quarter worth $87,000. Finally, Essex Investment Management Co. LLC acquired a new position in LightPath Technologies during the fourth quarter worth $338,000. 56.29% of the stock is currently owned by hedge funds and other 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.