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.
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.
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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