Analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ: LPTH – Get Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the company’s stock technology.
Separately, HC Wainwright reissued a “buy” rating and issued a $ 3.50 target price on shares of LightPath Technologies in a research report on Tuesday, May 17th.
LPTH stock opened at $ 1.29 on Monday. LightPath Technologies has a twelve month low of $ 1.19 and a twelve month high of $ 2.87. The company has a quick ratio of 1.47, a current ratio of 2.51 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $ 1.55 and its 200-day moving average is $ 1.98. The firm has a market capitalization of $ 34.89 million, a PE ratio of -6.79 and a beta of 1.33.
LightPath Technologies (NASDAQ: LPTH – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The technology company reported ($ 0.02) EPS for the quarter, beating analysts’ consensus estimates of ($ 0.03) by $ 0.01. The company had revenue of $ 8.31 million during the quarter, compared to the consensus estimate of $ 9.83 million. LightPath Technologies had a negative return on equity of 15.63% and a negative net margin of 14.56%. During the same period last year, the business posted ($ 0.01) earnings per share. On average, equities research analysts anticipate that LightPath Technologies will post -0.1 earnings per share for the current fiscal year.
In related news, Director Darcie Peck purchased 22,500 shares of LightPath Technologies stock in a transaction dated Tuesday, March 29th. The stock was bought 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 accessible through this link. 11.50% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. State Street Corp. boosted its stake in LightPath Technologies by 18.5% during the first quarter. State Street Corp now owns 50,834 shares of the company’s technology stock valued at $ 100,000 after buying an additional 7,925 shares during the period. Royce & Associates LP lifted its stake in LightPath Technologies by 0.8% during the first quarter. Royce & Associates LP now owns 1,228,084 shares of the company’s technology stock worth $ 2,419,000 after purchasing an additional 10,000 shares during the last quarter. Jane Street Group LLC bought a new stake in LightPath Technologies during the first quarter worth about $ 30,000. Virtu Financial LLC bought a new stake in LightPath Technologies during the first quarter worth about $ 36,000. Finally, Game Plan Financial Advisors LLC lifted its stake in LightPath Technologies by 28.7% during the first quarter. Game Plan Financial Advisors LLC now owns 112,000 shares of the company’s technology stock worth $ 221,000 after purchasing an additional 25,000 shares during the last quarter. 42.71% of the stock is owned by institutional investors.
LightPath Technologies Company Profile (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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