Company shares are trading at $3.98 which is impressively higher than $2.83, the stock’s 50 day moving average and much higher than the 200 day moving average of $2.75. The 50 day moving average went up $1.15 or +40.40% and the 200 day average moved up $1.23. (NASDAQ:LPTH) shares saw heavy trading volume with 744K shares changing hands in the last trading session. Trading volume was up 13.50% over the stocks average daily volume.
Short traders are more bullish on LightPath Technologies, Inc. as shown by the downtick in short interest. The company recorded a fall in short interest of -12.41% as of October 13, 2017 from the last reporting period. Short shares fell 99,260 over that period. Days to cover decreased from 5.0 to 4.0 and the percentage of shorted shares is 0.04% as of October 13.
The following firms have recently changed their position in LPTH. As of the end of the quarter Kcg Holdings, Inc. had bought 184,960 shares growing its stake by 601.9%. The value in dollars increased from $84,000 to $582,000 a change of $498,000 quarter to quarter. Manatuck Hill Partners, LLC grew its investment by buying 25,000 shares an increase of 2.3% as of 06/30/2017. Manatuck Hill Partners, LLC currently owns 1,125,000 shares worth $3,038,000. The value of the position overall is up by 0.8%.
Ubs Group Ag added to its position by buying 1,091 shares an increase of 76.9% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 2,510 shares valued at $7,000. The total value of its holdings increased 75.0%. Creative Planning expanded its ownership by buying 2,500 shares an increase of 33.3%. Creative Planning now controls 10,000 shares with a value of $26,000. The total value of its holdings increased 30.0%.
The most current P/E ratio is 11.06 and the market value is 96.50M. As of the last earnings report the EPS was $0.36 and is projected to be $0.16 for the current year with 24,247,000 shares outstanding. Next quarter’s EPS is estimated at $0.04 and the next full year EPS is projected to be $0.20.
LightPath Technologies, Inc., launched on June 15, 1992, 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. The Company also performs research and development for optical solutions for the traditional optics markets and communications markets. The Business’s products are incorporated into a range of applications by its customers 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..