LightPath Technologies (NASDAQ:LPTH) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTHGet Rating) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley lifted their target price on shares of LightPath Technologies from $3.30 to $3.70 in a research report on Friday, February 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $3.73.

LPTH opened at $1.61 on Friday. LightPath Technologies has a fifty-two week low of $1.52 and a fifty-two week high of $3.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.52 and a current ratio of 2.55. The company has a fifty day moving average of $2.06 and a two-hundred day moving average of $2.14. The stock has a market capitalization of $43.52 million, a price-to-earnings ratio of -8.94 and a beta of 1.27.

LightPath Technologies (NASDAQ:LPTHGet Rating) last released its quarterly earnings data on Thursday, February 10th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). LightPath Technologies had a negative net margin of 12.90% and a negative return on equity of 14.34%. The firm had revenue of $9.24 million during the quarter, compared to analysts’ expectations of $9.67 million. During the same period in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that LightPath Technologies will post -0.11 earnings per share for the current year.

In other LightPath Technologies news, Director Darcie Peck purchased 22,500 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were purchased at an average cost of $2.08 per share, for a total transaction of $46,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 29,500 shares of company stock worth $60,880 over the last 90 days. 11.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LPTH. Goldman Sachs Group Inc. acquired a new position in LightPath Technologies during the fourth quarter worth about $52,000. Susquehanna International Group LLP boosted its holdings in LightPath Technologies by 61.1% in the 4th quarter. Susquehanna International Group LLP now owns 21,667 shares of the technology company’s stock valued at $53,000 after purchasing an additional 8,216 shares during the last quarter. LPL Financial LLC boosted its holdings in LightPath Technologies by 55.3% in the 3rd quarter. LPL Financial LLC now owns 36,500 shares of the technology company’s stock valued at $78,000 after purchasing an additional 13,000 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of LightPath Technologies in the 2nd quarter valued at approximately $149,000. Finally, Geode Capital Management LLC increased its holdings in shares of LightPath Technologies by 66.1% during the 3rd quarter. Geode Capital Management LLC now owns 303,772 shares of the technology company’s stock worth $647,000 after buying an additional 120,870 shares during the last quarter. Hedge funds and other institutional investors own 37.36% of the company’s stock.

LightPath Technologies Company Profile (Get Rating)

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies, infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies, and collimator assemblies, which are used in applications involving light detection and ranging technology.

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