LightPath Technologies (NASDAQ:LPTH) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.12 and traded as high as $2.29. LightPath Technologies shares last traded at $2.19, with a volume of 181,730 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPTH. Lake Street Capital boosted their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th. HC Wainwright restated a “buy” rating and issued a $5.00 price target on shares of LightPath Technologies in a research note on Thursday, February 27th. LADENBURG THALM/SH SH lifted their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th.

LightPath Technologies Trading Down 3.5 %

The company has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. The company has a market capitalization of $87.95 million, a PE ratio of -9.12 and a beta of 1.67.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) 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 firm had revenue of $7.43 million for the quarter, compared to analysts’ expectations of $8.28 million. Analysts anticipate that LightPath Technologies, Inc. will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On LightPath Technologies

Several large investors have recently bought and sold shares of LPTH. EAM Investors LLC purchased a new stake in LightPath Technologies during the 4th quarter worth approximately $1,102,000. Connective Capital Management LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $733,000. Essex Investment Management Co. LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $338,000. Geode Capital Management LLC grew its position in shares of LightPath Technologies by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 50,767 shares in the last quarter. Finally, Wealth Effects LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter valued at approximately $164,000. 56.29% of the stock is currently owned by hedge funds and other 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.