LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.12 and traded as high as $2.29. LightPath Technologies shares last traded at $2.19, with a volume of 181,730 shares.
Analysts Set New Price Targets
A number of brokerages have issued reports on LPTH. HC Wainwright reaffirmed a "buy" rating and issued a $5.00 price objective on shares of LightPath Technologies in a research note on Thursday, February 27th. StockNews.com cut shares of LightPath Technologies from a "hold" rating to a "sell" rating in a report on Saturday, January 4th. Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a report on Friday, December 27th. Finally, LADENBURG THALM/SH SH upped their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd.
Check Out Our Latest Research Report on LPTH
LightPath Technologies Stock Performance
The company has a market capitalization of $80.32 million, a price-to-earnings ratio of -8.33 and a beta of 1.67. The stock has a 50 day moving average of $2.99 and a 200 day moving average of $2.14. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.
LightPath Technologies (NASDAQ:LPTH - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. As a group, analysts predict that LightPath Technologies, Inc. will post -0.18 EPS for the current year.
Hedge Funds Weigh In On LightPath Technologies
Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of LightPath Technologies by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company's stock valued at $1,376,000 after acquiring an additional 50,767 shares during the period. EAM Investors LLC bought a new position in shares of LightPath Technologies during the 4th quarter worth about $1,102,000. Connective Capital Management LLC acquired a new stake in shares of LightPath Technologies in the 4th quarter valued at about $733,000. Essex Investment Management Co. LLC bought a new stake in LightPath Technologies in the 4th quarter valued at about $338,000. Finally, Northern Trust Corp raised its stake in LightPath Technologies by 25.7% during the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after buying an additional 13,087 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.
LightPath Technologies Company Profile
(
Get Free Report)
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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