LightPath Technologies (NASDAQ:LPTH) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.67 and traded as high as $3.28. LightPath Technologies shares last traded at $3.24, with a volume of 253,675 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LPTH shares. Craig Hallum started coverage on LightPath Technologies in a research note on Monday, April 28th. They issued a "buy" rating and a $5.50 price target for the company. Wall Street Zen upgraded LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, HC Wainwright reiterated a "buy" rating and issued a $5.00 price objective on shares of LightPath Technologies in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.88.

LightPath Technologies Trading Up 10.6%

The company has a current ratio of 2.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $144.02 million, a price-to-earnings ratio of -12.46 and a beta of 0.90. The company has a fifty day moving average of $2.80 and a 200-day moving average of $2.67.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $9.17 million during the quarter, compared to analyst estimates of $8.78 million. LightPath Technologies had a negative return on equity of 41.68% and a negative net margin of 30.18%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, equities research analysts anticipate that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth approximately $53,000. Wealth Effects LLC boosted its holdings in shares of LightPath Technologies by 176.3% during the 1st quarter. Wealth Effects LLC now owns 128,500 shares of the technology company's stock worth $258,000 after purchasing an additional 82,000 shares during the last quarter. Connective Capital Management LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth approximately $733,000. Northern Trust Corp boosted its holdings in shares of LightPath Technologies by 25.7% during the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after purchasing an additional 13,087 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth approximately $111,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.