Brokerages Expect LightPath Technologies, Inc. (LPTH) to Announce $0.02 Earnings Per Share

LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a one year consensus target price of $3.18 for the company and are predicting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 95 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on the company. ValuEngine raised LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Dougherty & Co reaffirmed a “buy” rating and set a $3.10 price objective on shares of LightPath Technologies in a report on Friday, October 6th. Finally, Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.

LightPath Technologies (NASDAQ:LPTH) traded down $0.03 on Friday, hitting $2.13. The stock had a trading volume of 182,700 shares, compared to its average volume of 344,042. The company has a quick ratio of 2.29, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The firm has a market cap of $52.27, a PE ratio of 6.66, a P/E/G ratio of 1.37 and a beta of -0.66. LightPath Technologies has a 1-year low of $1.40 and a 1-year high of $4.10.

A number of hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC increased its position in LightPath Technologies by 152.6% during the third quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after buying an additional 86,541 shares in the last quarter. Virtu KCG Holdings LLC increased 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 buying an additional 184,960 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 289,330 shares in the last quarter. Foundry Partners LLC increased its position in LightPath Technologies by 8.5% during the third quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock worth $984,000 after buying an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in LightPath Technologies by 19.0% during the second quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock worth $1,931,000 after buying an additional 114,279 shares in the last quarter. 31.52% of the stock is owned by hedge funds and other 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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