LightPath Technologies (NASDAQ:LPTH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LightPath Technologies (NASDAQ:LPTH - Free Report) from a sell rating to a hold rating in a research report released on Friday morning.

Other research analysts also recently issued reports about the stock. Craig Hallum initiated coverage on shares of LightPath Technologies in a research report on Monday, April 28th. They set a "buy" rating and a $5.50 target price for the company. HC Wainwright reiterated a "buy" rating and set a $5.00 price target on shares of LightPath Technologies in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

LightPath Technologies Stock Performance

NASDAQ:LPTH traded up $0.07 during trading on Friday, reaching $3.06. The company's stock had a trading volume of 216,324 shares, compared to its average volume of 169,965. The firm has a market cap of $136.02 million, a price-to-earnings ratio of -12.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. The firm has a 50 day moving average of $2.32 and a 200-day moving average of $2.52. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. The business had revenue of $9.17 million during the quarter, compared to the consensus estimate of $8.78 million. During the same quarter last year, the company earned ($0.07) EPS. Research analysts expect that LightPath Technologies will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LPTH. Crewe Advisors LLC bought a new position in LightPath Technologies in the 4th quarter worth approximately $28,000. Legato Capital Management LLC bought a new position in LightPath Technologies in the 4th quarter worth about $83,000. J.W. Cole Advisors Inc. bought a new position in LightPath Technologies in the 4th quarter worth about $87,000. Essex Investment Management Co. LLC bought a new position in LightPath Technologies in the 4th quarter worth about $338,000. Finally, Geode Capital Management LLC boosted its holdings in LightPath Technologies by 15.0% in the 4th quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company's stock valued at $1,376,000 after purchasing an additional 50,767 shares during the period. 56.29% of the stock is 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.