LightPath Technologies, Inc. (NASDAQ:LPTH) – Stock analysts at B. Riley issued their Q2 2022 earnings per share (EPS) estimates for shares of LightPath Technologies in a research report issued to clients and investors on Friday, September 10th. B. Riley analyst D. Kang forecasts that the technology company will post earnings per share of ($0.01) for the quarter. B. Riley has a “Buy” rating and a $3.10 price objective on the stock. B. Riley also issued estimates for LightPath Technologies’ Q3 2022 earnings at $0.00 EPS and FY2022 earnings at ($0.01) EPS.
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Several other research analysts also recently commented on LPTH. HC Wainwright cut their target price on LightPath Technologies from $5.50 to $3.50 and set a “buy” rating on the stock in a report on Monday, August 9th. TheStreet lowered LightPath Technologies from a “c” rating to a “d+” rating in a research report on Monday, August 9th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, LightPath Technologies presently has a consensus rating of “Buy” and an average target price of $3.53.
Shares of LPTH opened at $2.16 on Monday. The company has a market capitalization of $57.38 million, a PE ratio of -16.62 and a beta of 1.35. LightPath Technologies has a 12 month low of $1.77 and a 12 month high of $5.45. The stock’s 50-day moving average price is $2.20 and its two-hundred day moving average price is $2.62. The company has a current ratio of 2.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.12.
LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Wednesday, September 8th. The technology company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.09). LightPath Technologies had a negative net margin of 8.28% and a negative return on equity of 8.23%. During the same period last year, the company posted $0.02 EPS.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in LightPath Technologies by 81.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 80,317 shares of the technology company’s stock worth $315,000 after purchasing an additional 35,976 shares in the last quarter. BlackRock Inc. increased its holdings in LightPath Technologies by 2.8% during the 1st quarter. BlackRock Inc. now owns 319,306 shares of the technology company’s stock worth $990,000 after purchasing an additional 8,752 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in LightPath Technologies by 14.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 150,574 shares of the technology company’s stock worth $467,000 after purchasing an additional 18,884 shares in the last quarter. Geode Capital Management LLC increased its holdings in LightPath Technologies by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 182,902 shares of the technology company’s stock worth $566,000 after purchasing an additional 25,306 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of LightPath Technologies by 13.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,546,315 shares of the technology company’s stock worth $4,794,000 after buying an additional 179,300 shares during the last quarter. 22.24% of the stock is owned by institutional investors and hedge funds.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and collimator assemblies, which are used in applications involving light detection and ranging technology.
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