LightPath Technologies (NASDAQ:LPTH) Shares Gap Down – What’s Next?

Posted by Stanley Muller on Sep 11th, 2026

LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.68, but opened at $9.37. LightPath Technologies shares last traded at $9.60, with a volume of 1,200,361 shares traded.

More LightPath Technologies News

Here are the key news stories impacting LightPath Technologies this week:

Positive Sentiment: Fiscal fourth-quarter revenue rose 73.8% year over year to $21.2 million, exceeding the roughly $20.6 million consensus estimate. Gross profit increased 207%, while adjusted EBITDA improved to $2.1 million from a $2.0 million loss. LightPath Technologies Reports Fiscal 2026 Fourth Quarter and Full Year Financial Results
Positive Sentiment: Full-year revenue nearly doubled to $71.7 million, and management highlighted a $110.9 million backlog. The company is positioning its vertically integrated infrared optics and imaging platform for defense, missile-defense, space and commercial demand. LightPath Technologies Q4 2026: Revenue Surges 73% as Backlog Hits $110.9M
Positive Sentiment: Management’s outlook points to continued scaling, supported by the backlog and improving operating performance. The company indicated that fiscal 2027 capital expenditures will exceed $6.3 million to support capacity expansion. LightPath signals fiscal 2027 CapEx higher than $6.3M while scaling against $110.9M backlog
Neutral Sentiment: LightPath’s fourth-quarter net loss narrowed to $4.1 million from $7.1 million a year earlier, but the company remained unprofitable. Full-year net loss widened to $20.5 million, partly reflecting acquisition-related earnout valuation expenses. LightPath Technologies Fiscal 2026 Results
Negative Sentiment: Reported quarterly loss per share was approximately $0.06, missing the MarketBeat consensus estimate of a $0.01 loss, despite the revenue beat. The earnings shortfall, ongoing negative margins and higher planned capital spending appear to be weighing on the stock. LightPath Technologies Earnings Report

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LPTH. Wall Street Zen downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a research note on Friday, July 17th. Canaccord Genuity Group dropped their price objective on shares of LightPath Technologies from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Finally, Piper Sandler assumed coverage on shares of LightPath Technologies in a report on Wednesday, August 12th. They set an “overweight” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.10.

View Our Latest Stock Analysis on LPTH

LightPath Technologies Trading Down 1.2%

The firm has a fifty day moving average of $11.90 and a 200 day moving average of $12.74. The firm has a market capitalization of $600.27 million, a PE ratio of -19.12 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 3.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in LightPath Technologies by 118.2% during the 1st quarter. Bank of America Corp DE now owns 556,037 shares of the technology company’s stock worth $5,577,000 after purchasing an additional 301,225 shares during the last quarter. Wasatch Advisors LP purchased a new position in shares of LightPath Technologies during the 2nd quarter valued at approximately $8,496,000. Renaissance Technologies LLC boosted its stake in shares of LightPath Technologies by 55.6% during the 1st quarter. Renaissance Technologies LLC now owns 395,922 shares of the technology company’s stock valued at $3,971,000 after buying an additional 141,473 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of LightPath Technologies during the second quarter worth approximately $2,352,000. Finally, Monashee Investment Management LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth approximately $1,080,000. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Company Profile

(Get Free Report)

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.