LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities researchers at Dougherty & Co decreased their FY2018 earnings estimates for LightPath Technologies in a report released on Friday, according to Zacks Investment Research. Dougherty & Co analyst C. Trebnick now expects that the technology company will post earnings per share of $0.08 for the year, down from their previous forecast of $0.11. Dougherty & Co also issued estimates for LightPath Technologies’ FY2019 earnings at $0.15 EPS.
A number of other research firms also recently weighed in on LPTH. Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Roth Capital set a $3.00 price target on LightPath Technologies and gave the stock a “buy” rating in a research note on Wednesday, February 14th.
LightPath Technologies (LPTH) remained flat at $$2.29 during mid-day trading on Monday. The company had a trading volume of 162,620 shares, compared to its average volume of 195,940. LightPath Technologies has a 1 year low of $2.03 and a 1 year high of $4.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 3.88. The firm has a market capitalization of $58.41, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.98 and a beta of -0.35.
Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in LightPath Technologies during the 4th quarter worth approximately $143,000. Penbrook Management LLC purchased a new stake in shares of LightPath Technologies in the fourth quarter worth approximately $159,000. Virtu Financial LLC raised its stake in shares of LightPath Technologies by 414.2% in the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after purchasing an additional 66,094 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of LightPath Technologies by 152.6% in the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after purchasing an additional 86,541 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of LightPath Technologies by 1,332.3% in the second quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock worth $840,000 after purchasing an additional 289,330 shares during the last quarter. 27.41% of the stock is currently owned by institutional investors and hedge funds.
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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.
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