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

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

LightPath Technologies Price Performance

NASDAQ LPTH opened at $1.17 on Friday. The stock’s 50-day moving average price is $1.56 and its two-hundred day moving average price is $1.61. The company has a current ratio of 2.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a market cap of $31.67 million, a PE ratio of -9.00 and a beta of 1.65. LightPath Technologies has a 1 year low of $1.07 and a 1 year high of $2.87.

LightPath Technologies (NASDAQ:LPTHGet Rating) last posted its quarterly earnings data on Wednesday, September 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). LightPath Technologies had a negative return on equity of 11.19% and a negative net margin of 9.96%. During the same period last year, the company posted ($0.11) EPS. On average, analysts predict that LightPath Technologies will post -0.01 EPS for the current year.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in LightPath Technologies during the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new position in LightPath Technologies during the 1st quarter valued at about $36,000. State Street Corp grew its stake in shares of LightPath Technologies by 18.5% in the 1st quarter. State Street Corp now owns 50,834 shares of the technology company’s stock valued at $100,000 after buying an additional 7,925 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of LightPath Technologies by 73.5% in the 2nd quarter. Citadel Advisors LLC now owns 90,446 shares of the technology company’s stock valued at $112,000 after buying an additional 38,316 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in shares of LightPath Technologies by 28.7% in the 1st quarter. Game Plan Financial Advisors LLC now owns 112,000 shares of the technology company’s stock valued at $221,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 28.91% of the company’s stock.

About LightPath Technologies

(Get Rating)

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. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.

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