Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.00.

A number of equities analysts have commented on the company. TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, B. Riley restated a “buy” rating on shares of LightPath Technologies in a research note on Tuesday, May 7th.

In related news, Director Robert Ripp acquired 51,249 shares of the stock in a transaction on Thursday, June 6th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $51,249.00. Following the purchase, the director now directly owns 730,797 shares in the company, valued at $730,797. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have acquired 73,249 shares of company stock worth $73,149. Corporate insiders own 12.80% of the company’s stock.

An institutional investor recently raised its position in LightPath Technologies stock. Royce & Associates LP grew its holdings in LightPath Technologies, Inc. (NASDAQ:LPTH) by 12.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,133,546 shares of the technology company’s stock after purchasing an additional 126,100 shares during the period. Royce & Associates LP owned approximately 4.39% of LightPath Technologies worth $1,700,000 as of its most recent SEC filing. 26.56% of the stock is owned by institutional investors and hedge funds.

NASDAQ:LPTH remained flat at $$0.90 during mid-day trading on Friday. The company had a trading volume of 310 shares, compared to its average volume of 328,376. The firm has a market capitalization of $23.92 million, a PE ratio of 22.59 and a beta of 0.12. The business’s fifty day moving average is $0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.13 and a current ratio of 3.54. LightPath Technologies has a 1-year low of $0.83 and a 1-year high of $2.75.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The firm had revenue of $7.91 million for the quarter, compared to analyst estimates of $8.98 million. LightPath Technologies had a negative return on equity of 4.91% and a negative net margin of 5.22%. Equities analysts forecast that LightPath Technologies will post -0.06 EPS for the current fiscal year.

LightPath Technologies Company Profile

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 materials used to produce products that manipulate light. Its products are used in various industries, including 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.

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