LightPath Technologies (NASDAQ:LPTH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTHGet Free Report) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

Separately, Lake Street Capital initiated coverage on shares of LightPath Technologies in a research report on Thursday, January 18th. They set a “buy” rating and a $3.00 price target for the company.

Check Out Our Latest Stock Analysis on LPTH

LightPath Technologies Stock Performance

LPTH stock opened at $1.45 on Friday. The firm has a market cap of $55.13 million, a price-to-earnings ratio of -10.36 and a beta of 1.42. The firm has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.41. LightPath Technologies has a one year low of $1.12 and a one year high of $2.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.93.

LightPath Technologies (NASDAQ:LPTHGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $7.32 million for the quarter, compared to analysts’ expectations of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. On average, equities analysts forecast that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of LightPath Technologies during the third quarter valued at about $93,000. AIGH Capital Management LLC increased its holdings in shares of LightPath Technologies by 9.9% during the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $5,400,000 after acquiring an additional 335,000 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock worth $58,000 after buying an additional 32,500 shares during the period. Commonwealth Equity Services LLC acquired a new position in LightPath Technologies in the 3rd quarter worth approximately $50,000. Finally, Worth Venture Partners LLC increased its holdings in LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after buying an additional 83,649 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.

About LightPath Technologies

(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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