LightPath Technologies’ (LPTH) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Thursday,Benzinga reports. HC Wainwright currently has a $5.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on LPTH. Lake Street Capital increased their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com cut LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, LADENBURG THALM/SH SH upped their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd.

LightPath Technologies Stock Down 2.6 %

Shares of NASDAQ:LPTH opened at $2.23 on Thursday. The stock has a market capitalization of $89.56 million, a P/E ratio of -9.29 and a beta of 1.01. The stock’s 50-day moving average price is $3.14 and its 200-day moving average price is $2.09. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.42.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $7.43 million for the quarter, compared to the consensus estimate of $8.28 million. On average, equities analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On LightPath Technologies

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

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.