Trade Report: Today, Brokers Offer Predictions for LightPath Technologies Inc.’s FY2017 Earnings (LPTH)

Today, Brokers Offer Predictions for LightPath Technologies Inc.’s FY2017 Earnings (LPTH)

LightPath Technologies Inc. (NASDAQ:LPTH) – Analysts at Taglich Brothers cut their FY2017 earnings estimates for LightPath Technologies in a research report issued to clients and investors on Tuesday. Taglich Brothers analyst J. Nobile now expects that the firm will earn $0.09 per share for the year, down from their previous estimate of $0.13.

Separately, Zacks Investment Research cut LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th.

Shares of LightPath Technologies (NASDAQ:LPTH) opened at 1.51 on Thursday. LightPath Technologies has a 12 month low of $1.40 and a 12 month high of $3.79. The company’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.76. The stock has a market capitalization of $23.64 million, a PE ratio of 36.83 and a beta of -0.25.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. LightPath Technologies had a return on equity of 10.49% and a net margin of 3.94%.

A hedge fund recently raised its stake in LightPath Technologies stock. Vanguard Group Inc. increased its position in LightPath Technologies Inc. (NASDAQ:LPTH) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 357,762 shares of the company’s stock after buying an additional 7,600 shares during the period. Vanguard Group Inc. owned 2.29% of LightPath Technologies worth $622,000 as of its most recent filing with the SEC. 7.99% of the stock is owned by institutional investors and hedge funds.

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