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

LightPath Technologies (NASDAQ:LPTH - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts have also recently weighed in on LPTH. HC Wainwright reissued a "buy" rating and issued a $5.00 price target on shares of LightPath Technologies in a report on Monday, May 19th. Craig Hallum began coverage on LightPath Technologies in a report on Monday, April 28th. They issued a "buy" rating and a $5.50 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, LightPath Technologies currently has an average rating of "Moderate Buy" and an average target price of $4.88.

LightPath Technologies Stock Up 10.7%

LPTH opened at $3.10 on Friday. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The company has a market cap of $137.80 million, a price-to-earnings ratio of -12.92 and a beta of 0.91. The business's fifty day moving average is $2.40 and its two-hundred day moving average is $2.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53.

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

Hedge Funds Weigh In On LightPath Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Ironwood Investment Counsel LLC increased its stake in LightPath Technologies by 14.8% in the first quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company's stock valued at $65,000 after purchasing an additional 4,150 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in LightPath Technologies in the fourth quarter valued at $32,000. Northern Trust Corp increased its stake in LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock valued at $226,000 after purchasing an additional 13,087 shares during the last quarter. Millennium Management LLC acquired a new position in LightPath Technologies in the fourth quarter valued at $53,000. Finally, Price T Rowe Associates Inc. MD increased its stake in LightPath Technologies by 101.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company's stock valued at $109,000 after purchasing an additional 15,500 shares during the last quarter. 56.29% of the stock is currently 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.

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