LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 433,100 shares, a growth of 349.7% from the January 31st total of 96,300 shares. Based on an average trading volume of 417,900 shares, the short-interest ratio is presently 1.0 days.
LightPath Technologies Stock Down 7.7 %
NASDAQ:LPTH traded down $0.18 on Monday, reaching $2.11. The stock had a trading volume of 158,235 shares, compared to its average volume of 396,053. The company has a 50-day moving average of $3.13 and a 200 day moving average of $2.11. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The stock has a market cap of $84.54 million, a P/E ratio of -8.77 and a beta of 1.01. 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 released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The business had revenue of $7.43 million during the quarter, compared to analyst estimates of $8.28 million. On average, research analysts predict that LightPath Technologies will post -0.18 earnings per share for the current year.
Hedge Funds Weigh In On LightPath Technologies
Institutional investors and hedge funds have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC raised its holdings in LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock valued at $95,000 after acquiring an additional 12,600 shares in the last quarter. Wealth Effects LLC acquired a new stake in shares of LightPath Technologies in the 4th quarter valued at about $164,000. Crewe Advisors LLC acquired a new stake in shares of LightPath Technologies in the 4th quarter valued at about $28,000. Legato Capital Management LLC bought a new position in shares of LightPath Technologies during the fourth quarter worth about $83,000. Finally, J.W. Cole Advisors Inc. acquired a new position in LightPath Technologies in the fourth quarter worth about $87,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
LPTH has been the topic of several recent research reports. HC Wainwright restated a "buy" rating and set a $5.00 target price on shares of LightPath Technologies in a report on Thursday. StockNews.com cut LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th. Lake Street Capital increased their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a research note on Friday, December 27th. Finally, LADENBURG THALM/SH SH boosted their price target on LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd.
Check Out Our Latest Stock Report on LightPath Technologies
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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