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There will be those who will insist that this is merely a chunk of ice, or debris from the Apollo craft themselves. I dispute this based on the trajectory of the object, which is directly opposite of the two manned craft, and at an angle hard to trace back to either module. There is also indication that the crewman in the Apollo command module was aware of the object, and took steps to track it on radar.
Aldrin revealed how the astronauts believed they saw an unidentified flying object during the flight as well, adding that NASA covered it up for 30 years.
Besides that, such lights are common events out in space
On the other hand, an edge detection analysis would identify structure in a light spot.