LightPath Technologies (NASDAQ:LPTH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Thursday. The firm issued a hold rating on the technology company’s stock.

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

LightPath Technologies Price Performance

Shares of NASDAQ:LPTH opened at $1.29 on Thursday. The company’s fifty day moving average is $1.29 and its 200-day moving average is $1.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a 52 week low of $1.12 and a 52 week high of $1.92. The company has a market capitalization of $50.06 million, a PE ratio of -7.17 and a beta of 1.30.

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

Hedge Funds Weigh In On LightPath Technologies

Institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of LightPath Technologies during the 3rd quarter worth about $93,000. Murphy Pohlad Asset Management LLC grew its position in shares of LightPath Technologies by 240.7% during the 4th 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 during the period. AMH Equity Ltd grew its position in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after buying an additional 310,870 shares during the period. Vanguard Group Inc. grew its position in shares of LightPath Technologies by 15.6% during the 1st 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 during the period. Finally, Archon Capital Management LLC grew its position in shares of LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.