LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Down 22.0% in February

LightPath Technologies, Inc. (NASDAQ:LPTH) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 338,000 shares, a drop of 22.0% from the February 13th total of 433,100 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 409,100 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

LPTH has been the topic of a number of research analyst reports. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of LightPath Technologies in a report on Thursday, February 27th. LADENBURG THALM/SH SH increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th.

Institutional Trading of LightPath Technologies

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

LightPath Technologies Stock Up 5.2 %

LPTH stock traded up $0.11 during mid-day trading on Tuesday, reaching $2.21. The company had a trading volume of 139,786 shares, compared to its average volume of 153,103. The company has a market capitalization of $88.76 million, a price-to-earnings ratio of -9.21 and a beta of 1.67. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The stock has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $2.18. 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 announced 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 net margin of 28.57% and a negative return on equity of 31.13%. The firm had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. As a group, equities analysts predict that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

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.