HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH - Free Report) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $5.00 target price on the technology company's stock.
Several other research firms also recently commented on LPTH. Lake Street Capital raised their target price on LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. StockNews.com lowered shares of LightPath Technologies from a "hold" rating to a "sell" rating in a report on Saturday, January 4th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, January 2nd.
Check Out Our Latest Stock Report on LPTH
LightPath Technologies Stock Down 6.6 %
Shares of NASDAQ LPTH traded down $0.15 during trading hours on Thursday, hitting $2.13. The stock had a trading volume of 215,784 shares, compared to its average volume of 398,735. The firm's 50-day moving average price is $3.13 and its two-hundred day moving average price is $2.11. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The company has a market capitalization of $85.54 million, a P/E ratio of -8.87 and a beta of 1.01. 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, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. The firm had revenue of $7.43 million for the quarter, compared to the consensus estimate of $8.28 million. Analysts anticipate that LightPath Technologies will post -0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth about $83,000. J.W. Cole Advisors Inc. bought a new position in LightPath Technologies in the fourth quarter valued at approximately $87,000. Murphy Pohlad Asset Management LLC increased its holdings in LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock worth $95,000 after buying an additional 12,600 shares during the last quarter. Crewe Advisors LLC bought a new position in LightPath Technologies during the fourth quarter worth about $28,000. Finally, Wealth Effects LLC acquired a new position in shares of LightPath Technologies during the 4th quarter worth approximately $164,000. Institutional investors and hedge funds own 56.29% of the company's stock.
About LightPath Technologies
(
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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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