Steven E. Creviston Acquires 10,000 Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) Stock

LightPath Technologies, Inc. (NASDAQ:LPTH) Director Steven E. Creviston purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 18th. The shares were acquired at an average cost of $1.89 per share, for a total transaction of $18,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ LPTH opened at $2.04 on Thursday. The business’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $2.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.46 and a quick ratio of 1.33. LightPath Technologies, Inc. has a one year low of $1.77 and a one year high of $5.45. The company has a market capitalization of $55.07 million, a P/E ratio of -13.60 and a beta of 1.24.

LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, November 4th. The technology company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $9.10 million for the quarter, compared to the consensus estimate of $8.79 million. LightPath Technologies had a negative return on equity of 11.28% and a negative net margin of 10.29%. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, equities analysts anticipate that LightPath Technologies, Inc. will post -0.04 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of LightPath Technologies during the 2nd quarter worth about $43,000. Virtu Financial LLC acquired a new position in shares of LightPath Technologies during the 2nd quarter worth about $60,000. LPL Financial LLC lifted its position in shares of LightPath Technologies by 55.3% during the 3rd quarter. LPL Financial LLC now owns 36,500 shares of the technology company’s stock worth $78,000 after purchasing an additional 13,000 shares during the last quarter. State Street Corp acquired a new position in shares of LightPath Technologies during the 2nd quarter worth about $105,000. Finally, Citadel Advisors LLC acquired a new position in shares of LightPath Technologies during the 2nd quarter worth about $149,000. Institutional investors own 27.50% of the company’s stock.

LPTH has been the topic of several recent analyst reports. B. Riley upped their price target on LightPath Technologies from $2.80 to $3.10 and gave the company a “buy” rating in a research report on Friday, September 10th. TheStreet downgraded LightPath Technologies from a “c” rating to a “d+” rating in a research note on Monday, August 9th. Finally, HC Wainwright lowered their target price on LightPath Technologies from $5.50 to $3.50 and set a “buy” rating on the stock in a research note on Monday, August 9th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $3.53.

LightPath Technologies Company Profile

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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