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

Posted by Defense World Staff on May 23rd, 2024

Research analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a report released on Thursday. The firm set a “hold” rating on the technology company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Friday, May 10th.

Read Our Latest Stock Analysis on LPTH

LightPath Technologies Stock Performance

NASDAQ:LPTH opened at $1.32 on Thursday. LightPath Technologies has a fifty-two week low of $1.12 and a fifty-two week high of $2.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. The company has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.39. The company has a market capitalization of $51.04 million, a PE ratio of -7.31 and a beta of 1.41.

LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. The company had revenue of $7.70 million for the quarter, compared to analyst estimates of $7.94 million. During the same quarter in the prior year, the company posted ($0.03) EPS. Research analysts anticipate that LightPath Technologies will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AIGH Capital Management LLC raised its holdings in LightPath Technologies by 9.9% during the 3rd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $5,400,000 after acquiring an additional 335,000 shares during the period. AMH Equity Ltd increased its holdings in LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after acquiring an additional 310,870 shares during the period. Archon Capital Management LLC raised its position in shares of LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares in the last quarter. Vanguard Group Inc. increased its stake in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after acquiring an additional 211,626 shares during the last quarter. Finally, Worth Venture Partners LLC raised its holdings in shares of LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after acquiring an additional 83,649 shares in the last quarter. Institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

(Get Free Report)

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.