Analysts Anticipate LightPath Technologies, Inc. (LPTH) to Post $0.01 Earnings Per Share

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.

Brokers have set a 1-year consensus target price of $3.18 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 157 out of 265 based on the ratings given to related companies.

LPTH has been the topic of several research analyst reports. Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Dougherty & Co reaffirmed a “buy” rating and set a $3.10 target price on shares of LightPath Technologies in a research note on Friday, October 6th.

A number of large investors have recently added to or reduced their stakes in LPTH. Dimensional Fund Advisors LP grew its stake in LightPath Technologies by 1,332.3% during the 2nd 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. Virtu KCG Holdings LLC grew its stake in LightPath Technologies by 601.9% during the 2nd 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. Vanguard Group Inc. grew its stake in LightPath Technologies by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after acquiring an additional 114,279 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in LightPath Technologies by 152.6% during the 3rd 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. Finally, Foundry Partners LLC grew its stake in LightPath Technologies by 8.5% during the 3rd 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. 31.52% of the stock is currently owned by institutional investors.

LightPath Technologies (NASDAQ:LPTH) traded down $0.01 during midday trading on Friday, reaching $2.47. The company’s stock had a trading volume of 297,984 shares, compared to its average volume of 346,115. The company has a current ratio of 3.18, a quick ratio of 2.29 and a debt-to-equity ratio of 0.32. The firm has a market cap of $60.37, a P/E ratio of 7.72, a PEG ratio of 1.50 and a beta of -0.66. LightPath Technologies has a 12-month low of $1.65 and a 12-month high of $4.10.

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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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