Posted by admin on Aug 6th, 2022

Royce & Associates LP grew its stake in LightPath Technologies, Inc. (NASDAQ:LPTH – Get Rating) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,228,084 shares of the technology company’s stock after purchasing an additional 10,000 shares during the quarter. Royce & Associates LP owned approximately 4.54% of LightPath Technologies worth $2,419,000 at the end of the most recent reporting period.

Separately, AIGH Capital Management LLC bought a new position in shares of LightPath Technologies in the fourth quarter valued at approximately $3,344,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.

LPTH has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating and issued a $3.50 target price on shares of LightPath Technologies in a report on Tuesday, May 17th. StockNews.com assumed coverage on LightPath Technologies in a report on Saturday. They set a “hold” rating on the stock.

NASDAQ:LPTH opened at $1.60 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.51 and a quick ratio of 1.47. The business has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.79. LightPath Technologies, Inc. has a 1 year low of $1.07 and a 1 year high of $2.87. The company has a market capitalization of $43.28 million, a P/E ratio of -8.42 and a beta of 1.61.

LightPath Technologies (NASDAQ:LPTH – Get Rating) last released its earnings results on Thursday, May 12th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. LightPath Technologies had a negative return on equity of 15.63% and a negative net margin of 14.56%. The business had revenue of $8.31 million during the quarter, compared to the consensus estimate of $9.83 million. During the same period last year, the business posted ($0.01) earnings per share. On average, analysts expect that LightPath Technologies, Inc. will post -0.1 earnings per share for the current year.

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.

Receive News & Ratings for LightPath Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightPath Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Insider Selling: NuVista Energy Ltd. (TSE:NVA) Senior Officer Sells C$364,804.20 in Stock

55,000 Shares in Warby Parker Inc. (NYSE:WRBY) Acquired by Royce & Associates LP