LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities researchers at B. Riley reduced their Q3 2019 EPS estimates for shares of LightPath Technologies in a research report issued on Friday, February 8th. B. Riley analyst S. Sherbetchyan now expects that the technology company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.01. B. Riley also issued estimates for LightPath Technologies’ Q4 2019 earnings at $0.01 EPS, FY2019 earnings at ($0.01) EPS and FY2020 earnings at $0.09 EPS.
Separately, Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $2.88.
A hedge fund recently raised its stake in LightPath Technologies stock. First Interstate Bank raised its stake in LightPath Technologies, Inc. (NASDAQ:LPTH) by 54.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,500 shares of the technology company’s stock after acquiring an additional 19,500 shares during the quarter. First Interstate Bank owned approximately 0.22% of LightPath Technologies worth $83,000 as of its most recent filing with the Securities & Exchange Commission. 26.81% of the stock is owned by institutional investors.
About LightPath Technologies
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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