LightPath Technologies (NASDAQ:LPTH) Receives New Coverage from Analysts at StockNews.com – Defense World
Posted by admin on Jun 19th, 2022 
Research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Rating) in a research report issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reissued a “buy” rating and issued a $3.50 price objective on shares of LightPath Technologies in a research report on Tuesday, May 17th.
LPTH stock opened at $1.31 on Friday. LightPath Technologies has a 52 week low of $1.19 and a 52 week high of $2.87. The company has a market cap of $35.44 million, a P/E ratio of -6.89 and a beta of 1.33. The company has a current ratio of 2.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $2.01.
LightPath Technologies (NASDAQ:LPTH – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $8.31 million for the quarter, compared to the consensus estimate of $9.83 million. LightPath Technologies had a negative net margin of 14.56% and a negative return on equity of 15.63%. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that LightPath Technologies will post -0.1 earnings per share for the current year.
In other news, Director Darcie Peck purchased 22,500 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was acquired at an average cost of $2.08 per share, with a total value of $46,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.50% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of LPTH. Jane Street Group LLC bought a new position in shares of LightPath Technologies in the 1st quarter worth about $30,000. Virtu Financial LLC acquired a new stake in shares of LightPath Technologies in the 1st quarter worth about $36,000. Goldman Sachs Group Inc. acquired a new stake in shares of LightPath Technologies in the 4th quarter worth about $52,000. Susquehanna International Group LLP increased its holdings in shares of LightPath Technologies by 61.1% in the 4th quarter. Susquehanna International Group LLP now owns 21,667 shares of the technology company’s stock worth $53,000 after acquiring an additional 8,216 shares during the period. Finally, LPL Financial LLC increased its stake in LightPath Technologies by 55.3% during the 3rd quarter. LPL Financial LLC now owns 36,500 shares of the technology company’s stock valued at $78,000 after buying an additional 13,000 shares during the period. Institutional investors own 42.71% of the company’s stock.
LightPath Technologies Company Profile (Get Rating)
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. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
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