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

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

Separately, Lake Street Capital began coverage on shares of LightPath Technologies in a report on Thursday, January 18th. They issued a “buy” rating and a $3.00 price objective on the stock.

LightPath Technologies Stock Up 0.7 %

Shares of LPTH opened at $1.45 on Friday. The firm has a market cap of $55.13 million, a P/E ratio of -10.36 and a beta of 1.42. LightPath Technologies has a 12-month low of $1.12 and a 12-month high of $2.00. The company’s 50-day moving average price is $1.49 and its 200 day moving average price is $1.41. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.02.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $7.32 million during the quarter, compared to analysts’ expectations of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. On average, sell-side analysts forecast that LightPath Technologies will post -0.14 earnings per share for the current year.

Institutional Trading of LightPath Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of LPTH. Jane Street Group LLC purchased a new stake in LightPath Technologies during the first quarter worth about $30,000. Tower Research Capital LLC TRC increased its stake in LightPath Technologies by 69.4% during the third quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock worth $31,000 after purchasing an additional 11,908 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in LightPath Technologies during the second quarter worth about $33,000. Virtu Financial LLC purchased a new stake in LightPath Technologies during the first quarter worth about $36,000. Finally, Commonwealth Equity Services LLC purchased a new stake in LightPath Technologies during the third quarter worth about $50,000. 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.