Shares of LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.1250.
LPTH has been the topic of a number of analyst reports. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Canaccord Genuity Group raised their target price on LightPath Technologies from $15.50 to $16.50 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a report on Tuesday, April 21st.
View Our Latest Research Report on LightPath Technologies
Insider Buying and Selling
Institutional Investors Weigh In On LightPath Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of LPTH. Occudo Quantitative Strategies LP acquired a new stake in LightPath Technologies in the third quarter valued at $82,000. Hudson Bay Capital Management LP acquired a new stake in LightPath Technologies in the third quarter valued at $84,000. Wexford Capital LP acquired a new stake in LightPath Technologies in the third quarter valued at $88,000. Jefferies Financial Group Inc. acquired a new stake in LightPath Technologies in the third quarter valued at $90,000. Finally, Royal Bank of Canada lifted its holdings in LightPath Technologies by 707.2% in the first quarter. Royal Bank of Canada now owns 9,565 shares of the technology company’s stock valued at $96,000 after acquiring an additional 8,380 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.
LightPath Technologies Stock Performance
NASDAQ:LPTH opened at $14.99 on Thursday. The firm’s fifty day moving average price is $14.06 and its 200 day moving average price is $11.81. LightPath Technologies has a 1-year low of $2.75 and a 1-year high of $18.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.86 and a quick ratio of 3.24. The firm has a market cap of $941.22 million, a price-to-earnings ratio of -29.98 and a beta of 1.32.
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). LightPath Technologies had a negative net margin of 37.38% and a negative return on equity of 15.55%. The firm had revenue of $19.15 million for the quarter, compared to analyst estimates of $17.04 million. On average, sell-side analysts expect that LightPath Technologies will post -0.11 EPS for the current year.
About LightPath Technologies
LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.
Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.
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