Brokers Issue Forecasts for LightPath Technologies, Inc.’s FY2020 Earnings (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) – Analysts at B. Riley reduced their FY2020 earnings estimates for shares of LightPath Technologies in a research note issued to investors on Friday, May 10th. B. Riley analyst M. Wiesenberger now forecasts that the technology company will earn $0.06 per share for the year, down from their prior estimate of $0.09. B. Riley has a “Buy” rating on the stock.

Several other equities analysts also recently weighed in on the company. ValuEngine raised LightPath Technologies from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Zacks Investment Research downgraded LightPath Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.00.



NASDAQ LPTH opened at $1.07 on Monday. The stock has a market capitalization of $29.94 million, a price-to-earnings ratio of 26.75 and a beta of -0.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.25 and a quick ratio of 2.07. LightPath Technologies has a 1-year low of $0.95 and a 1-year high of $2.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Interstate Bank grew its position in LightPath Technologies by 54.2% in the 4th quarter. First Interstate Bank now owns 55,500 shares of the technology company’s stock valued at $83,000 after acquiring an additional 19,500 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in LightPath Technologies in the 4th quarter valued at about $301,000. Finally, Royce & Associates LP grew its position in LightPath Technologies by 12.5% in the 1st quarter. Royce & Associates LP now owns 1,133,546 shares of the technology company’s stock valued at $1,700,000 after acquiring an additional 126,100 shares in the last quarter. 26.67% of the stock is owned by institutional investors.

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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