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

LightPath Technologies (NASDAQ:LPTH)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $5.00 price target on the technology company’s stock. HC Wainwright’s price target would suggest a potential upside of 115.98% from the stock’s previous close.

Several other analysts also recently weighed in on LPTH. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Lake Street Capital boosted their target price on LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, December 27th. Finally, LADENBURG THALM/SH SH increased their target price on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd.

LightPath Technologies Stock Down 3.5 %

LPTH opened at $2.32 on Thursday. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The business has a 50 day moving average price of $3.15 and a two-hundred day moving average price of $2.09. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The company has a market cap of $92.97 million, a PE ratio of -9.65 and a beta of 1.01.

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

Institutional Trading of LightPath Technologies

Institutional investors have recently added to or reduced their stakes in the stock. EAM Investors LLC acquired a new position in LightPath Technologies during the fourth quarter worth about $1,102,000. Connective Capital Management LLC purchased a new stake in LightPath Technologies during the fourth quarter worth $733,000. Essex Investment Management Co. LLC purchased a new stake in LightPath Technologies during the fourth quarter worth $338,000. Geode Capital Management LLC grew its holdings in LightPath Technologies by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 50,767 shares during the last quarter. Finally, Wealth Effects LLC purchased a new position in shares of LightPath Technologies in the fourth quarter valued at $164,000. Hedge funds and other 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.