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

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report sent to investors 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 research note on Friday, September 20th.

LightPath Technologies Trading Down 1.5 %

LPTH opened at $2.60 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $2.86. The business’s 50 day moving average is $1.73 and its two-hundred day moving average is $1.45. The firm has a market cap of $103.13 million, a price-to-earnings ratio of -11.82 and a beta of 1.32.

LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business 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 in the previous year, the firm earned ($0.02) earnings per share. On average, research analysts predict that LightPath Technologies will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC increased its stake in shares of LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after acquiring an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of LightPath Technologies by 104.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares in the last quarter. Vanguard Group Inc. boosted its holdings in LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares in the last quarter. Finally, AIGH Capital Management LLC grew its position 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 buying an additional 200,000 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.