LightPath Technologies (LPTH) Coverage Initiated at B. Riley

B. Riley began coverage on shares of LightPath Technologies (NASDAQ:LPTH) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $2.75 price target on the technology company’s stock. B. Riley also issued estimates for LightPath Technologies’ Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.09 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.16 EPS.

Other research analysts have also recently issued reports about the company. Roth Capital set a $3.00 price objective on LightPath Technologies and gave the stock a buy rating in a research report on Wednesday, February 14th. Zacks Investment Research raised LightPath Technologies from a sell rating to a buy rating and set a $2.75 price objective for the company in a research report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $2.90.

How to Become a New Pot Stock Millionaire

LPTH stock opened at $2.25 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $58.15, a PE ratio of 6.85, a PEG ratio of 1.88 and a beta of -0.26. LightPath Technologies has a fifty-two week low of $2.03 and a fifty-two week high of $4.10.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in LightPath Technologies by 45.9% during the third quarter. Dimensional Fund Advisors LP now owns 453,767 shares of the technology company’s stock valued at $1,162,000 after purchasing an additional 142,720 shares during the last quarter. Vanguard Group Inc. boosted 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 valued at $1,931,000 after purchasing an additional 114,279 shares during the last quarter. Penbrook Management LLC acquired a new position in LightPath Technologies during the fourth quarter valued at approximately $159,000. Virtu Financial LLC boosted its position in LightPath Technologies by 414.2% during the fourth quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock valued at $182,000 after purchasing an additional 66,094 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in LightPath Technologies during the fourth quarter valued at approximately $143,000. 27.41% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3338397/lightpath-technologies-lpth-coverage-initiated-at-b-riley.html.

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.

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.

Latest News

New Age Beverages  Stock Price Down 9.4% on Analyst Downgrade
New Age Beverages Stock Price Down 9.4% on Analyst Downgrade
Scotiabank Reiterates C$4.75 Price Target for Premier Gold Mines
Scotiabank Reiterates C$4.75 Price Target for Premier Gold Mines
BMO Capital Markets Increases Roots  Price Target to C$16.00
BMO Capital Markets Increases Roots Price Target to C$16.00
Syntel  Trading -0.6% Higher  After Strong Earnings
Syntel Trading -0.6% Higher After Strong Earnings
BNP Paribas Reiterates CHF 74 Price Target for Nestle
BNP Paribas Reiterates CHF 74 Price Target for Nestle
Roche  Given a CHF 230 Price Target at Morgan Stanley
Roche Given a CHF 230 Price Target at Morgan Stanley


Leave a Reply

© 2006-2018 Ticker Report. Google+.