LightPath Technologies, Inc. (LPTH) Raised to “Hold” at Zacks Investment Research

LightPath Technologies, Inc. (NASDAQ:LPTH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “

Other analysts have also recently issued reports about the company. ValuEngine upgraded LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Dougherty & Co restated a “buy” rating and issued a $3.10 target price on shares of LightPath Technologies in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2.80.

LightPath Technologies (NASDAQ:LPTH) opened at $2.73 on Tuesday. LightPath Technologies has a 52 week low of $1.21 and a 52 week high of $4.10. The company has a quick ratio of 2.29, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $71.41, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.21 and a beta of -0.49.

LightPath Technologies (NASDAQ:LPTH) last posted 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 return on equity of 31.44% and a net margin of 25.13%. The firm had revenue of $9.01 million during the quarter, compared to the consensus estimate of $8.75 million. equities analysts predict that LightPath Technologies will post 0.16 earnings per share for the current year.

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A number of large investors have recently modified their holdings of LPTH. Royce & Associates LP grew its holdings in LightPath Technologies by 53.0% in the 2nd quarter. Royce & Associates LP now owns 1,032,600 shares of the technology company’s stock valued at $2,788,000 after buying an additional 357,600 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in LightPath Technologies by 1,332.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after buying an additional 289,330 shares in the last quarter. Virtu KCG Holdings LLC grew its holdings in LightPath Technologies by 601.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after buying an additional 184,960 shares in the last quarter. Vanguard Group Inc. grew its holdings in LightPath Technologies by 19.0% in the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after buying an additional 114,279 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in LightPath Technologies by 152.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after buying an additional 86,541 shares in the last quarter. Institutional investors own 31.14% of the company’s stock.

LightPath Technologies Company Profile

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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