LightPath Technologies (NASDAQ:LPTH) Given Buy Rating at HC Wainwright

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

A number of other equities analysts also recently commented on the company. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Lake Street Capital raised 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.

LightPath Technologies Trading Down 3.5 %

Shares of LightPath Technologies stock opened at $2.32 on Thursday. The business has a 50 day moving average price of $3.15 and a 200 day moving average price of $2.09. The company has a market capitalization of $92.97 million, a P/E ratio of -9.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.42.

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

Institutional Investors Weigh In On LightPath Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC increased its holdings in LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after buying an additional 12,600 shares during the last quarter. Wealth Effects LLC acquired a new position in shares of LightPath Technologies in the 4th quarter worth approximately $164,000. Crewe Advisors LLC bought a new stake in shares of LightPath Technologies in the 4th quarter valued at approximately $28,000. Legato Capital Management LLC acquired a new stake in shares of LightPath Technologies during the 4th quarter valued at approximately $83,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of LightPath Technologies during the 4th quarter valued at approximately $87,000. 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.