LightPath Technologies’ (LPTH) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $5.00 price target on the technology company’s stock.

Several other equities analysts have also commented on the stock. Lake Street Capital upped their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. LADENBURG THALM/SH SH upped their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

LightPath Technologies Stock Down 6.4 %

Shares of NASDAQ:LPTH opened at $2.47 on Tuesday. The stock has a market capitalization of $97.98 million, a price-to-earnings ratio of -11.23 and a beta of 1.01. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.42. The company’s fifty day moving average is $3.12 and its two-hundred day moving average is $2.05. 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 (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS 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 the consensus estimate of $8.28 million. LightPath Technologies had a negative return on equity of 26.51% and a negative net margin of 25.86%. Equities analysts anticipate that LightPath Technologies will post -0.15 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connective Capital Management LLC bought a new position in LightPath Technologies in the 4th quarter valued at about $733,000. Millennium Management LLC bought a new position in LightPath Technologies in the 4th quarter valued at about $53,000. Cubist Systematic Strategies LLC bought a new position in LightPath Technologies in the 4th quarter valued at about $32,000. Jane Street Group LLC bought a new position in LightPath Technologies in the 4th quarter valued at about $111,000. Finally, Northern Trust Corp grew its position in LightPath Technologies by 25.7% in the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company’s stock valued at $226,000 after buying an additional 13,087 shares in the last quarter. 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.