LightPath Technologies, Inc. (LPTH) Given Consensus Recommendation of “Buy” by Analysts
Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price objective of $3.18 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 77 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on LPTH shares. Dougherty & Co reiterated a “buy” rating and issued a $3.10 price objective on shares of LightPath Technologies in a report on Friday, October 6th. ValuEngine upgraded shares of LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.
Several hedge funds have recently added to or reduced their stakes in LPTH. Spark Investment Management LLC acquired a new position in shares of LightPath Technologies in the second quarter valued at about $174,000. Essex Investment Management Co. LLC grew its stake in shares of LightPath Technologies by 152.6% in the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after acquiring an additional 86,541 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in shares of LightPath Technologies by 601.9% in the second quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after acquiring an additional 184,960 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LightPath Technologies by 1,332.3% in the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after acquiring an additional 289,330 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in shares of LightPath Technologies by 8.5% in the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 32.67% of the company’s stock.
LightPath Technologies (NASDAQ:LPTH) traded down $0.08 during trading hours on Friday, hitting $2.49. 759,753 shares of the company’s stock traded hands, compared to its average volume of 351,315. LightPath Technologies has a 12-month low of $1.21 and a 12-month high of $4.10. The firm has a market capitalization of $63.07, a P/E ratio of 7.79, a P/E/G ratio of 1.22 and a beta of -0.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.29 and a current ratio of 3.18.
LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 14th. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.20. LightPath Technologies had a net margin of 25.13% and a return on equity of 31.44%. The firm had revenue of $9.01 million for the quarter, compared to the consensus estimate of $8.75 million. equities research analysts expect that LightPath Technologies will post 0.14 earnings per share for the current year.
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About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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