LightPath Technologies, Inc. (NASDAQ:LPTH)‘s stock had its “buy” rating reissued by analysts at Dougherty & Co in a research report issued to clients and investors on Friday. They currently have a $3.10 price objective on the technology company’s stock. Dougherty & Co’s price target suggests a potential upside of 10.71% from the company’s current price.

Several other equities analysts have also recently issued reports on LPTH. ValuEngine raised LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut LightPath Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. LightPath Technologies presently has a consensus rating of “Buy” and an average target price of $2.80.

LightPath Technologies (LPTH) traded up 4.48% on Friday, hitting $2.80. The stock had a trading volume of 511,698 shares. The company has a 50 day moving average price of $2.56 and a 200-day moving average price of $2.68. The company has a market cap of $67.89 million, a price-to-earnings ratio of 7.78 and a beta of -0.58. LightPath Technologies has a 52-week low of $1.21 and a 52-week high of $3.33.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, September 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.20. The business had revenue of $9.01 million during the quarter, compared to analysts’ expectations of $8.75 million. LightPath Technologies had a return on equity of 37.81% and a net margin of 27.16%. On average, equities research analysts predict that LightPath Technologies will post $0.14 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manatuck Hill Partners LLC raised its holdings in LightPath Technologies by 2.3% in the 2nd quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock worth $3,038,000 after purchasing an additional 25,000 shares during the period. US Bancorp DE acquired a new position in LightPath Technologies in the 1st quarter worth about $137,000. Spark Investment Management LLC acquired a new position in LightPath Technologies in the 2nd quarter worth about $174,000. Royce & Associates LP raised its holdings in LightPath Technologies by 17.4% in the 1st quarter. Royce & Associates LP now owns 675,000 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 100,000 shares during the period. Finally, Vanguard Group Inc. raised 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 worth $1,931,000 after purchasing an additional 114,279 shares during the period. 30.81% of the stock is owned by institutional investors.

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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