LightPath Technologies Inc. (NASDAQ:LPTH) – Analysts at Taglich Brothers cut their Q1 2017 EPS estimates for LightPath Technologies in a note issued to investors on Monday. Taglich Brothers analyst J. Nobile now anticipates that the firm will earn $0.02 per share 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 cut LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday.
Shares of LightPath Technologies (NASDAQ:LPTH) traded down 5.3512% during mid-day trading on Wednesday, reaching $1.5901. The company had a trading volume of 69,513 shares. The company has a market capitalization of $24.86 million, a P/E ratio of 19.8763 and a beta of -0.26. LightPath Technologies has a 12-month low of $1.43 and a 12-month high of $3.79. The firm has a 50-day moving average of $1.85 and a 200-day moving average of $1.84.
LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, September 15th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. LightPath Technologies had a return on equity of 15.03% and a net margin of 8.19%. The business earned $4.73 million during the quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in LPTH. Navellier & Associates Inc boosted 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 period. Renaissance Technologies LLC raised its stake in 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 in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in 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 in the last quarter. 8.64% of the stock is currently owned by hedge funds and other institutional investors.
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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