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

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Separately, HC Wainwright restated a buy rating and issued a $3.00 price objective on shares of LightPath Technologies in a report on Friday, May 10th.

LightPath Technologies Stock Down 1.4 %

Shares of LPTH opened at $1.37 on Tuesday. The company has a market capitalization of $53.17 million, a price-to-earnings ratio of -7.61 and a beta of 1.30. LightPath Technologies has a 52 week low of $1.12 and a 52 week high of $2.00. The stock’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.39. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. The business had revenue of $7.70 million for the quarter, compared to analyst estimates of $7.94 million. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, sell-side analysts predict that LightPath Technologies will post -0.2 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Murphy Pohlad Asset Management LLC grew its holdings in shares of LightPath Technologies by 240.7% during the fourth 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 in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of LightPath Technologies during the 3rd quarter worth $93,000. Worth Venture Partners LLC boosted its holdings in shares of LightPath Technologies by 9.9% during the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after purchasing an additional 83,649 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 211,626 shares during the period. Finally, Archon Capital Management LLC increased its stake in LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after purchasing an additional 37,400 shares during the last quarter. Institutional investors and hedge funds 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.