LightPath Technologies (NASDAQ:LPTH) Now Covered by Craig Hallum

Craig Hallum started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $5.50 price target on the technology company’s stock. Craig Hallum’s price objective suggests a potential upside of 142.29% from the company’s current price.

Several other analysts also recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price on shares of LightPath Technologies in a research note on Thursday, February 27th. LADENBURG THALM/SH SH raised their target price on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.88.

LightPath Technologies Price Performance

Shares of LPTH stock opened at $2.27 on Monday. The firm has a fifty day moving average of $2.08 and a two-hundred day moving average of $2.31. The firm has a market cap of $91.17 million, a P/E ratio of -9.42 and a beta of 1.75. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The business had revenue of $7.43 million during the quarter, compared to analyst estimates of $8.28 million. As a group, research analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

Several large investors have recently bought and sold shares of LPTH. Crewe Advisors LLC bought a new position in shares of LightPath Technologies during the 4th quarter worth about $28,000. Cubist Systematic Strategies LLC bought a new stake in shares of LightPath Technologies during the fourth quarter worth $32,000. Millennium Management LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter valued at $53,000. Legato Capital Management LLC bought a new position in shares of LightPath Technologies in the fourth quarter valued at about $83,000. Finally, J.W. Cole Advisors Inc. acquired a new position in LightPath Technologies during the 4th quarter worth about $87,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

About LightPath Technologies

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.