LightPath Technologies, Inc. (NASDAQ:LPTH) – Investment analysts at Dougherty & Co cut their FY2018 earnings estimates for shares of LightPath Technologies in a research report issued on Friday. Dougherty & Co analyst C. Trebnick now forecasts 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.
LPTH has been the topic of several other reports. Zacks Investment Research raised shares of LightPath Technologies from a “sell” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Tuesday, January 23rd. Roth Capital set a $3.00 price objective on shares of LightPath Technologies and gave the company a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $2.95.
LightPath Technologies (LPTH) opened at $2.28 on Monday. The firm has a market cap of $58.16, a PE ratio of 7.13, a PEG ratio of 1.69 and a beta of -0.54. LightPath Technologies has a 1 year low of $2.01 and a 1 year high of $4.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.88 and a quick ratio of 2.29.
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of LightPath Technologies in the fourth quarter valued at about $143,000. Virtu Financial LLC raised its position 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 valued at $182,000 after purchasing an additional 66,094 shares during the period. Essex Investment Management Co. LLC raised its position 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 valued at $367,000 after purchasing an additional 86,541 shares during the period. Dimensional Fund Advisors LP raised its position 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 valued at $840,000 after purchasing an additional 289,330 shares during the period. Finally, Foundry Partners LLC raised its position in shares of LightPath Technologies by 8.5% in the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the period. 29.38% of the stock is currently owned by institutional investors.
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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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