LightPath Technologies (NASDAQ:LPTH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report report published on Friday. The firm 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 research note on Friday, May 10th.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $1.44 on Friday. The firm has a 50-day moving average of $1.28 and a 200-day moving average of $1.39. LightPath Technologies has a one year low of $1.12 and a one year high of $1.90. 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 (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $7.70 million for the quarter, compared to the consensus estimate of $7.94 million. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, equities analysts anticipate that LightPath Technologies will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Murphy Pohlad Asset Management LLC increased its stake in shares of LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares during the last quarter. AMH Equity Ltd boosted its stake in LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after buying an additional 310,870 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after acquiring an additional 47,429 shares during the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 211,626 shares in the last quarter. Finally, Archon Capital Management LLC lifted its holdings in shares of LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after acquiring an additional 37,400 shares during 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.