LightPath Technologies (NASDAQ:LPTH) Stock Rating Upgraded by Wall Street Zen

LightPath Technologies (NASDAQ:LPTH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

LPTH has been the topic of a number of other research reports. Piper Sandler decreased their price target on shares of LightPath Technologies from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Thursday, October 15th. Finally, Canaccord Genuity Group cut their target price on LightPath Technologies from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

LightPath Technologies Trading Down 5.1%

Shares of LPTH stock opened at $6.84 on Friday. The firm has a market cap of $479.42 million, a P/E ratio of -19.54 and a beta of 1.53. LightPath Technologies has a 1-year low of $5.83 and a 1-year high of $18.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.27. The firm’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $11.66.

LightPath Technologies (NASDAQ:LPTH) last released its earnings results on Tuesday, November 10th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. LightPath Technologies had a negative net margin of 25.00% and a negative return on equity of 4.92%. The firm had revenue of $20.76 million during the quarter, compared to the consensus estimate of $21.93 million. As a group, equities analysts forecast that LightPath Technologies will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. increased its position in shares of LightPath Technologies by 0.6% in the third quarter. AWM Investment Company Inc. now owns 2,552,522 shares of the technology company’s stock worth $26,317,000 after acquiring an additional 15,000 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in LightPath Technologies during the 3rd quarter worth $421,000. one8zero8 LLC purchased a new stake in LightPath Technologies during the 3rd quarter worth $136,000. Voya Investment Management LLC increased its holdings in LightPath Technologies by 6,644.7% in the 3rd quarter. Voya Investment Management LLC now owns 735,445 shares of the technology company’s stock valued at $7,582,000 after purchasing an additional 724,541 shares in the last quarter. Finally, Ironwood Investment Counsel LLC raised its position in LightPath Technologies by 15.8% in the third quarter. Ironwood Investment Counsel LLC now owns 29,250 shares of the technology company’s stock valued at $302,000 after purchasing an additional 4,000 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Company Profile

LightPath Technologies, Inc. designs and manufactures optical components and assemblies for commercial and government customers. Its products include precision-molded glass aspheric lenses, infrared optics, and custom optical systems used in applications such as thermal imaging and sensing. The company serves markets including aerospace and defense, industrial, medical, and telecommunications. Its capabilities span optical design, materials development, manufacturing, and assembly, supporting customers from component selection through integrated optical solutions.