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

Analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH - Get Free Report) in a research report issued on Friday. The firm set a "hold" rating on the technology company's stock.

Separately, HC Wainwright reissued a "buy" rating and issued a $3.00 price target on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Stock Performance

LPTH traded down $0.10 during trading on Friday, hitting $1.46. The stock had a trading volume of 197,110 shares, compared to its average volume of 54,449. The firm has a market capitalization of $57.92 million, a P/E ratio of -6.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.74. The company's 50-day moving average price is $1.46 and its 200 day moving average price is $1.37.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The firm had revenue of $8.63 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.02) earnings per share. On average, equities research analysts forecast that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in LightPath Technologies by 15.6% in 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 in the last quarter. AIGH Capital Management LLC increased its stake in LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company's stock valued at $4,692,000 after purchasing an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in 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 worth $166,000 after purchasing an additional 67,429 shares during the last quarter. Archon Capital Management LLC boosted its position in LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company's stock worth $2,874,000 after purchasing an additional 37,400 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew 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 purchasing an additional 12,600 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company's stock.

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.