StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH - Free Report) in a research report released on Monday. The brokerage issued a hold rating on the technology company's stock.
Separately, Lake Street Capital started coverage on shares of LightPath Technologies in a research note on Thursday, January 18th. They set a buy rating and a $3.00 target price for the company.
Read Our Latest Analysis on LPTH
LightPath Technologies Trading Up 1.4 %
NASDAQ LPTH traded up $0.02 on Monday, hitting $1.42. 50,188 shares of the stock were exchanged, compared to its average volume of 54,216. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.93. The stock has a fifty day moving average price of $1.48 and a two-hundred day moving average price of $1.41. The firm has a market capitalization of $53.99 million, a P/E ratio of -10.14 and a beta of 1.43. LightPath Technologies has a 52-week low of $1.12 and a 52-week high of $2.00.
LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $7.32 million for the quarter, compared to analysts' expectations of $8.72 million. LightPath Technologies had a negative return on equity of 14.22% and a negative net margin of 15.48%. Research analysts forecast that LightPath Technologies will post -0.14 EPS for the current fiscal year.
Institutional Trading of LightPath Technologies
A number of large investors have recently made changes to their positions in the stock. AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 9.9% during the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company's stock valued at $5,400,000 after purchasing an additional 335,000 shares during the period. AMH Equity Ltd raised its holdings in shares of LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company's stock valued at $3,552,000 after acquiring an additional 310,870 shares in the last quarter. Worth Venture Partners LLC raised its holdings in shares of LightPath Technologies by 9.9% in the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company's stock valued at $1,348,000 after acquiring an additional 83,649 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company's stock valued at $141,000 after acquiring an additional 47,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its holdings in shares of LightPath Technologies by 240.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company's stock valued at $58,000 after acquiring an additional 32,500 shares in the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.
LightPath Technologies Company Profile
(
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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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