LightPath Technologies (NASDAQ:LPTH) Upgraded by Wall Street Zen to Hold Rating

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

Other analysts have also issued research reports about the stock. HC Wainwright reaffirmed a "buy" rating and set a $5.00 target price on shares of LightPath Technologies in a report on Monday, May 19th. Craig Hallum began coverage on shares of LightPath Technologies in a report on Monday, April 28th. They set a "buy" rating and a $5.50 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.88.

LightPath Technologies Stock Performance

Shares of LPTH stock traded down $0.04 during trading on Friday, reaching $2.94. 85,389 shares of the company's stock traded hands, compared to its average volume of 174,561. The company has a market capitalization of $130.68 million, a P/E ratio of -11.31 and a beta of 0.91. 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 firm's 50-day moving average is $2.45 and its 200 day moving average is $2.57. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The business had revenue of $9.17 million for the quarter, compared to analysts' expectations of $8.78 million. LightPath Technologies had a negative net margin of 30.18% and a negative return on equity of 41.68%. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities research analysts expect that LightPath Technologies will post -0.18 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors have recently made changes to their positions in LPTH. Legato Capital Management LLC bought a new position in shares of LightPath Technologies in the 4th quarter worth $83,000. J.W. Cole Advisors Inc. bought a new position in shares of LightPath Technologies during the 4th quarter valued at $87,000. Essex Investment Management Co. LLC bought a new position in shares of LightPath Technologies during the 4th quarter valued at $338,000. Geode Capital Management LLC grew its holdings in shares of LightPath Technologies by 15.0% during 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 last quarter. Finally, EAM Investors LLC bought a new position in shares of LightPath Technologies during the 4th quarter valued at $1,102,000. Institutional investors own 56.29% of the company's stock.

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.