LightPath Technologies, Inc. (NASDAQ:LPTH) Given Average Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) has been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.3750.

Several research analysts have issued reports on the company. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. HC Wainwright lifted their price target on shares of LightPath Technologies from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Finally, Zacks Research raised shares of LightPath Technologies to a “hold” rating in a research note on Tuesday, August 12th.

Read Our Latest Report on LPTH

LightPath Technologies Stock Up 25.9%

Shares of NASDAQ:LPTH opened at $6.91 on Tuesday. LightPath Technologies has a 1 year low of $1.11 and a 1 year high of $6.93. The business has a 50 day simple moving average of $4.02 and a two-hundred day simple moving average of $2.98. The firm has a market capitalization of $307.15 million, a PE ratio of -26.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.30 and a quick ratio of 1.26.

Institutional Trading of LightPath Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Connective Capital Management LLC bought a new position in LightPath Technologies in the fourth quarter worth approximately $733,000. Wealth Effects LLC raised its stake in LightPath Technologies by 176.3% in the first quarter. Wealth Effects LLC now owns 128,500 shares of the technology company’s stock worth $258,000 after buying an additional 82,000 shares in the last quarter. Mink Brook Asset Management LLC bought a new position in LightPath Technologies in the second quarter worth approximately $246,000. Royce & Associates LP raised its stake in LightPath Technologies by 4.7% in the first quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company’s stock worth $2,602,000 after buying an additional 58,194 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in LightPath Technologies in the second quarter worth approximately $137,000. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

(Get Free Report)

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 components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.

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