StockNews.com Begins Coverage on LightPath Technologies (NASDAQ:LPTH)

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

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Stock Up 0.6 %

LightPath Technologies stock opened at $1.66 on Friday. The firm has a market capitalization of $65.84 million, a price-to-earnings ratio of -7.55 and a beta of 1.30. The company’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.74.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. During the same period last year, the firm earned ($0.02) EPS. As a group, sell-side analysts anticipate that LightPath Technologies will post -0.14 EPS for the current year.

Institutional Trading of LightPath Technologies

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the last quarter. AIGH Capital Management LLC boosted its holdings in LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after buying an additional 67,429 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its position in LightPath Technologies by 22.8% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after buying an additional 10,500 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.