LightPath Technologies (NASDAQ:LPTH) Receives Buy Rating from HC Wainwright

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

Separately, Craig Hallum assumed coverage on LightPath Technologies in a report on Monday, April 28th. They set a “buy” rating and a $5.50 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.88.

LightPath Technologies Stock Down 3.5%

Shares of LPTH opened at $2.46 on Monday. The business’s 50 day simple moving average is $2.14 and its 200-day simple moving average is $2.41. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90. The company has a market capitalization of $105.53 million, a P/E ratio of -10.25 and a beta of 0.84.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The firm had revenue of $9.17 million for the quarter, compared to analyst estimates of $8.78 million. During the same period in the prior year, the company posted ($0.07) EPS. As a group, sell-side analysts predict that LightPath Technologies will post -0.18 EPS for the current fiscal year.

Institutional Trading of LightPath Technologies

Several institutional investors and hedge funds have recently made changes to their positions in LPTH. EAM Investors LLC bought a new stake in shares of LightPath Technologies during the 4th quarter valued at $1,102,000. Connective Capital Management LLC bought a new stake in shares of LightPath Technologies during the 4th quarter valued at $733,000. Essex Investment Management Co. LLC bought a new stake in shares of LightPath Technologies during the 4th quarter valued at $338,000. Wealth Effects LLC raised its position in shares of LightPath Technologies by 176.3% during the 1st quarter. Wealth Effects LLC now owns 128,500 shares of the technology company’s stock valued at $258,000 after acquiring an additional 82,000 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of LightPath Technologies by 4.7% during the 1st quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company’s stock valued at $2,602,000 after acquiring an additional 58,194 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

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.