LightPath Technologies Inc. (NASDAQ:LPTH) – Stock analysts at Taglich Brothers decreased their Q1 2017 earnings per share (EPS) estimates for shares of LightPath Technologies in a note issued to investors on Monday. Taglich Brothers analyst J. Nobile now anticipates that the firm will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.03. Taglich Brothers also issued estimates for LightPath Technologies’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.17 EPS.
Separately, Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th.
Shares of LightPath Technologies (NASDAQ:LPTH) traded down 0.63% during trading on Wednesday, reaching $1.57. 18,655 shares of the company’s stock traded hands. The company has a 50 day moving average price of $1.83 and a 200 day moving average price of $1.84. The stock has a market capitalization of $24.54 million, a PE ratio of 19.63 and a beta of -0.26. LightPath Technologies has a 1-year low of $1.43 and a 1-year high of $3.79.
LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, September 15th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $4.73 million for the quarter. LightPath Technologies had a net margin of 8.19% and a return on equity of 15.03%.
Large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of LightPath Technologies by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 238,009 shares of the company’s stock worth $481,000 after buying an additional 2,061 shares during the period. Vanguard Group Inc. increased its position in shares of LightPath Technologies by 2.2% in the second quarter. Vanguard Group Inc. now owns 357,762 shares of the company’s stock worth $622,000 after buying an additional 7,600 shares during the last quarter. Navellier & Associates Inc increased its position in shares of LightPath Technologies by 28.2% in the second quarter. Navellier & Associates Inc now owns 96,117 shares of the company’s stock worth $167,000 after buying an additional 21,117 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of LightPath Technologies by 58.6% in the first quarter. Renaissance Technologies LLC now owns 205,700 shares of the company’s stock worth $416,000 after buying an additional 76,000 shares during the last quarter. Institutional investors and hedge funds own 8.64% of the company’s stock.
About LightPath Technologies
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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