LightPath Technologies’ (LPTH) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a report released on Thursday,Benzinga reports. The brokerage currently has a $5.00 price target on the technology company’s stock.

A number of other research analysts have also commented on the company. StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Lake Street Capital upped their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Friday, December 27th. Finally, LADENBURG THALM/SH SH upped their target price on LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd.

LightPath Technologies Stock Up 2.2 %

LPTH opened at $2.28 on Thursday. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.42. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $91.57 million, a price-to-earnings ratio of -9.50 and a beta of 1.01. The business has a 50 day moving average of $3.13 and a 200-day moving average of $2.10.

LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. The business had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. As a group, sell-side analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LPTH. EAM Investors LLC acquired a new position in LightPath Technologies during the fourth quarter worth $1,102,000. Connective Capital Management LLC acquired a new position in LightPath Technologies during the fourth quarter worth $733,000. Essex Investment Management Co. LLC acquired a new position in LightPath Technologies during the fourth quarter worth $338,000. Geode Capital Management LLC raised its stake in LightPath Technologies by 15.0% during the fourth quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company’s stock worth $1,376,000 after acquiring an additional 50,767 shares in the last quarter. Finally, Wealth Effects LLC acquired a new position in LightPath Technologies during the fourth quarter worth $164,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.