LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities researchers at Dougherty & Co decreased their FY2018 earnings per share estimates for shares of LightPath Technologies in a research note issued to investors on Friday. Dougherty & Co analyst J. Maxa now expects that the technology company will post earnings of $0.18 per share for the year, down from their previous estimate of $0.22. Dougherty & Co has a “Buy” rating and a $3.10 price objective on the stock.
A number of other research firms have also recently commented on LPTH. Zacks Investment Research cut shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. ValuEngine raised shares of LightPath Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2.80.
LightPath Technologies (LPTH) traded up 2.1183% on Monday, hitting $2.8491. 96,116 shares of the company’s stock traded hands. LightPath Technologies has a one year low of $1.21 and a one year high of $3.33. The stock has a market cap of $69.08 million, a PE ratio of 7.9142 and a beta of -0.57. The stock has a 50-day moving average of $2.58 and a 200-day moving average of $2.69.
LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 14th. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.04 by $0.20. LightPath Technologies had a net margin of 27.16% and a return on equity of 37.81%. The business had revenue of $9.01 million during the quarter, compared to the consensus estimate of $8.75 million.
Several hedge funds have recently added to or reduced their stakes in LPTH. US Bancorp DE purchased a new stake in shares of LightPath Technologies during the first quarter worth about $137,000. Spark Investment Management LLC acquired a new position in LightPath Technologies during the second quarter worth about $174,000. Virtu KCG Holdings LLC boosted its position in LightPath Technologies by 601.9% during the second quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock worth $582,000 after acquiring an additional 184,960 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in LightPath Technologies by 1,332.3% during the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after acquiring an additional 289,330 shares during the last quarter. Finally, Royce & Associates LP boosted its position in LightPath Technologies by 17.4% during the first quarter. Royce & Associates LP now owns 675,000 shares of the technology company’s stock worth $1,850,000 after acquiring an additional 100,000 shares during the last quarter. 30.81% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for LightPath Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.