LightPath Technologies (NASDAQ:LPTH) Stock Passes Above Two Hundred Day Moving Average - What's Next?

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.20 and traded as high as $2.40. LightPath Technologies shares last traded at $2.21, with a volume of 115,476 shares changing hands.

Analysts Set New Price Targets

LPTH has been the topic of several research reports. Lake Street Capital upped their price objective on LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a report on Friday, December 27th. StockNews.com downgraded LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, January 4th. LADENBURG THALM/SH SH raised their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Finally, HC Wainwright reissued a "buy" rating and set a $5.00 price objective on shares of LightPath Technologies in a report on Thursday, February 27th.

LightPath Technologies Stock Down 3.3 %

The business's fifty day simple moving average is $2.65 and its 200 day simple moving average is $2.21. The stock has a market cap of $81.13 million, a price-to-earnings ratio of -8.42 and a beta of 1.67. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) 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 company had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. Equities analysts forecast that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of LightPath Technologies

A number of hedge funds have recently modified their holdings of LPTH. Crewe Advisors LLC bought a new stake in LightPath Technologies in the fourth quarter valued at approximately $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of LightPath Technologies in the 4th quarter valued at $32,000. Millennium Management LLC bought a new stake in shares of LightPath Technologies in the 4th quarter valued at $53,000. Legato Capital Management LLC acquired a new stake in LightPath Technologies during the 4th quarter worth $83,000. Finally, J.W. Cole Advisors Inc. bought a new position in LightPath Technologies during the fourth quarter worth about $87,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.