LightPath Technologies (NASDAQ:LPTH) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH - Free Report) in a report published on Saturday morning. The firm issued a hold rating on the technology company's stock.

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, September 20th.

LightPath Technologies Trading Down 0.7 %

NASDAQ LPTH opened at $1.49 on Friday. The company's 50-day moving average price is $1.50 and its 200-day moving average price is $1.37. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a market cap of $59.10 million, a PE ratio of -6.77 and a beta of 1.30. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.74.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The company had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Equities research analysts forecast that LightPath Technologies will post -0.14 earnings per share for the current year.

Institutional Trading of LightPath Technologies

Hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC lifted its position in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company's stock valued at $71,000 after buying an additional 10,500 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company's stock valued at $166,000 after buying an additional 67,429 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company's stock valued at $2,169,000 after buying an additional 211,626 shares during the last quarter. Finally, AIGH Capital Management LLC lifted its position in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company's stock valued at $4,692,000 after buying an additional 200,000 shares during the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.

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.