3 days Ago By ABMN Staff
StockNews.com started coverage on shares of LightPath Technologies ( NASDAQ:LPTH – Free Report ) in a research report released on Friday. The firm issued a hold rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research report on Friday, September 20th. Check Out Our Latest Stock Report on LPTH LightPath Technologies Price Performance LightPath Technologies ( NASDAQ:LPTH – Get Free Report ) last announced its quarterly earnings data on Thursday, September 19th.
The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.
02). LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.
51%. The business had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.
25 million. During the same period in the prior year, the firm earned ($0.02) earnings per share.
On average, analysts expect that LightPath Technologies will post -0.14 earnings per share for the current year. Institutional Trading of LightPath Technologies A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPTH.
Murphy Pohlad Asset Management LLC grew its stake in LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after acquiring an additional 10,500 shares during the period.
B. Riley Wealth Advisors Inc. grew its position in LightPath Technologies by 104.
7% in the 2nd quarter. B. Riley Wealth Advisors Inc.
now owns 131,824 shares of the technology company’s stock valued at $166,000 after purchasing an additional 67,429 shares during the period. Vanguard Group Inc. increased its stake in LightPath Technologies by 15.
6% during the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 211,626 shares in the last quarter.
Archon Capital Management LLC raised its holdings in LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares during the last quarter.
Finally, AIGH Capital Management LLC lifted its stake in shares of LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after buying an additional 200,000 shares in the last quarter.
56.29% of the stock is owned by institutional investors. LightPath Technologies Company Profile ( Get Free Report ) 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; and infrared products, including catalog and custom infrared optics. See Also Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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