LightPath Technologies (NASDAQ:LPTH) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the technology company’s stock.

LightPath Technologies Price Performance

Shares of NASDAQ:LPTH opened at $1.26 on Friday. The company has a market capitalization of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. The company’s 50-day moving average is $1.30 and its 200 day moving average is $1.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $1.77.

LightPath Technologies (NASDAQ:LPTH) last released its earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $8.63 million for the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, equities research analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPTH. Vanguard Group Inc. increased its holdings 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. B. Riley Wealth Advisors Inc. boosted its position in LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after purchasing an additional 47,429 shares during the period. AIGH Capital Management LLC increased its stake in shares of LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its position in shares of LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after purchasing an additional 10,500 shares during the period. Finally, Archon Capital Management LLC lifted its stake in shares of LightPath Technologies by 1.8% during the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after buying an additional 37,400 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.